ADA/USDT – 1H – BUYThe currency pair Cardano/Tether (ADA/USDT) breaks through the ascending trendline up.
A continuation of the bullish trend up to the next resistance at 0.855900000 will continue.
Caution: A possible reversal of the trend in the direction of the support zone at 0.775900000 is also possible.
Consider stop-loss settings accordingly.
Next a ‘Bullish Engulfing’ candlestick pattern is discovered. The chart shows ‘Bullish Engulfing’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.937300000 |
| Next High | 0.855900000 |
| Current Price | 0.823800000 |
| Next Low | 0.775900000 |
| 2nd Low | 0.734000000 |
| 3rd Low | 0.710700000 |
0.806900000 – 0.748000000 – 0.758600000 – 0.775900000 – 0.734000000 – 0.710700000 — 53.553495617475 – 61.09362787154
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bullish Engulfing – – –