ADA/USDT – 1H – BUY

The combination Cardano/Tether (ADA/USDT) breaks through the bearish trendline up.

A bullish movement upwards to the next resistance line at 0.3034 will continue.

Caution: A possible trend reversal in the direction of the support line at 0.2934 is within the realm of possibility.
Consider stop-loss settings accordingly.

Besides a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which is often a bullish chart scenario. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Current target is 0.3002 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance level at 0.3034 is within the realm of possibility.
Consider stop-loss settings accordingly.

Besides a ‘Three Outside Up’ candlestick chart pattern is discovered. The chart shows ‘Three Outside Up’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

0.3034 – 0.2936 – 0.2992 – 0.2934 – 0.2757 – 0.2685 —
0.298000000 – 0.289200000 —
50.478027035698 – 31.38679873906 —
– —
0.3034 – 1770055200

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Outside Up – Inverse Head and Shoulder chart pattern – –