ADA/USDT – 1H – BUYThe currency pair Cardano/Tether (ADA/USDT) breaks through the descending trendline upwards
A bullish trend up to the next resistance line at 0.902500000 will persist.
Caution: A possible change in the direction of support at 0.853000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Additionally a ‘Bullish Engulfing’ candlestick pattern is found. The chart forms ‘Bullish Engulfing’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.964300000 |
| 2nd High | 0.954000000 |
| Next High | 0.902500000 |
| Current Price | 0.870500000 |
| Next Low | 0.853000000 |
| 2nd Low | 0.852400000 |
| 3rd Low | 0.823000000 |
0.902500000 – 0.954000000 – 0.909700000 – 0.853000000 – 0.852400000 – 0.879200000 — 45.729141465224 – 52.745269477081
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bullish Engulfing – – –