ADA/USDT – 1H – BUY

Moreover a ‘Double top retreat up’ chart layout is detected. The chart shows ‘Double top retreat up’. which is a bullish chart scenario. The currency pair is likely to rise.

The currency pair Cardano/Tether (ADA/USDT) jumps from the bearish trendline up.

An ascending movement upwards to the next resistance at 0.2766 will continue.

Caution: A possible trend reversal in the direction of the support level at 0.267 is within the realm of possibility.
Consider stop-loss settings accordingly.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Current target is 0.285058 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance zone at 0.2766 is within the realm of possibility.
Consider stop-loss settings accordingly.

Moreover a ‘Three Outside Up’ chart pattern is discovered. The chart shows ‘Three Outside Up’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

0.2766 – 0.2763 – 0.2843 – 0.267 – 0.2686 – 0.2205 —
0.272500000 – 0.265700000 —
48.428388573897 – 37.810078095888 —
– —
0.2766 – 1770591600

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Outside Up – Double top retreat up – –