The currency pair Cardano/Tether (ADA/USDT) breaks through the bearish trendline up.
A bullish ascent up to the next resistance at 0.3136 is likely expected.
Caution: A possible counter-trend in the direction of the support level at 0.2536 should be noted.
Consider stop-loss settings accordingly.
Moreover a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which could be a positive chart scenario. The pair is likely to go up.
Moreover a ‘Three White Soldiers’ chart pattern is detected. The candles form ‘Three White Soldiers’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.3707 |
| 2nd High | 0.3647 |
| Next High | 0.3136 |
| Current Price | 0.281000000 |
| Next Low | 0.2536 |
| 2nd Low | 0.2504 |
| 3rd Low | 0.2205 |
0.3136 – 0.2938 – 0.2899 – 0.2536 – 0.267 – 0.2504 —
0.293800000 – 0.271800000 —
49.753418673438 – 40.523929543928 —
– —
0.3136 – 1772049600
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three White Soldiers – – –