ADA/USDT – 30M – BUYThe pair Cardano/Tether (ADA/USDT) breaks through the bullish trendline up.
A continuation of the bullish trend up to the next resistance line at 0.841400000 will continue.
Caution: A possible counter-trend in the direction of the support level at 0.742000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Bullish Engulfing’ candlestick chart pattern is found. The candles show ‘Bullish Engulfing’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.864300000 |
| Next High | 0.841400000 |
| Current Price | 0.815300000 |
| Next Low | 0.742000000 |
| 2nd Low | 0.711400000 |
| 3rd Low | 0.710500000 |
0.784900000 – 0.750900000 – 0.739400000 – 0.742000000 – 0.711400000 – 0.710500000
Trading Signals: FOREX – ADA – ADA/USDT – USDT – Bullish Engulfing –