ADA/USDT – 4H – BUYThe combination Cardano/Tether (ADA/USDT) breaks through the bearish trendline up.
An ascent upwards to the next resistance at 0.850000000 is certain.
Caution: A possible change in the direction of support at 0.802600000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which could be a positive signal. The currency pair could go up.
In addition a ‘Bullish Engulfing’ candle pattern is discovered. The candles show ‘Bullish Engulfing’. which is a positive pattern signal. The currency pair is likely to go up. 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 | 0.964300000 |
| 2nd High | 0.879900000 |
| Next High | 0.850000000 |
| Current Price | 0.835200000 |
| Next Low | 0.802600000 |
| 2nd Low | 0.781800000 |
| 3rd Low | 0.765800000 |
0.850000000 – 0.845200000 – 0.879900000 – 0.802600000 – 0.781800000 – 0.826700000 — 51.364205389969 – 55.374986647131
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bullish Engulfing – – –