ADA/USDT – 1H – BUYThe combination Cardano/Tether (ADA/USDT) breaks through the descending trendline up.
A bullish ascent up to the next resistance level at 0.471 is likely expected.
Caution: A possible counter-trend in the direction of the support zone at 0.3907 should always be considered.
Consider stop-loss settings accordingly.
There is also a ‘%K crosses below %D’ indicator layout is discovered. The indicator is ‘%K crosses below %D’. this is usually a bearish signal. The currency pair could go down.
There is also a ‘Bullish Belt Hold’ candlestick chart pattern is detected. The chart shows ‘Bullish Belt Hold’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.4823 |
| 2nd High | 0.4735 |
| Next High | 0.471 |
| Current Price | 0.416900000 |
| Next Low | 0.3907 |
| 2nd Low | 0.3876 |
| 3rd Low | 0.2737 |
0.471 – 0.4735 – 0.4823 – 0.3907 – 0.3876 – 0.4381 — 53.290326793003 – 59.697154928098 — 68.39279443422 – 71.27418176224 – 66.2604774104 – 71.325046827988
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bullish Belt Hold – Double bottom chart pattern – –