ADA/USDT – 4H – BUYThe currency pair Cardano/Tether (ADA/USDT) breaks through the descending trendline up.
An ascent upwards to the next resistance line at 0.2955 is certain.
Caution: A possible trend reversal in the direction of the support zone at 0.2585 is within the realm of possibility.
Consider stop-loss settings accordingly.
In addition a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. this is usually a bullish chart signal. The pair is likely to go up.
In addition a ‘Bullish Engulfing’ candle chart pattern is existing. The chart shows ‘Bullish Engulfing’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.3647 |
| 2nd High | 0.3136 |
| Next High | 0.2955 |
| Current Price | 0.261600000 |
| Next Low | 0.2585 |
| 2nd Low | 0.2458 |
| 3rd Low | 0.2205 |
0.2955 – 0.2816 – 0.2739 – 0.2585 – 0.2458 – 0.2584 —
0.257400000 – 0.267000000 —
29.800456890792 – 49.674541576648 —
– —
0.2955 – 1773806400
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bullish Engulfing – – –