ADA/USDT – 1H – BUYThe pair Cardano/Tether (ADA/USDT) moves from the bullish trendline up.
A continuation of the bullish trend up to the next resistance at 0.834400000 is considered certain.
Caution: A possible trend reversal in the direction of the support level at 0.784400000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Bullish Belt Hold’ candlestick pattern is discovered. The chart shows ‘Bullish Belt Hold’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.937300000 |
| 2nd High | 0.855900000 |
| Next High | 0.834400000 |
| Current Price | 0.811100000 |
| Next Low | 0.784400000 |
| 2nd Low | 0.775900000 |
| 3rd Low | 0.734000000 |
0.834400000 – 0.806900000 – 0.748000000 – 0.784400000 – 0.775900000 – 0.734000000 — 47.453235978423 – 56.334756336416
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bullish Belt Hold – – –