ADA/USDT – 1H – BUYThe currency pair Cardano/Tether (ADA/USDT) breaks through the descending trendline upwards
An ascending movement upwards to the next resistance level at 0.756200000 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 0.726700000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Bullish Belt Hold’ candle pattern is discovered. The chart forms ‘Bullish Belt Hold’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.841400000 |
| 2nd High | 0.777400000 |
| Next High | 0.756200000 |
| Current Price | 0.762300000 |
| Next Low | 0.726700000 |
| 2nd Low | 0.688400000 |
| 3rd Low | 0.572200000 |
0.756200000 – 0.777400000 – 0.594700000 – 0.726700000 – 0.688400000 – 0.693300000
Trading Signals: FOREX – ADA – ADA/USDT – USDT – Bullish Belt Hold –