The combination Cardano/Tether (ADA/USDT) breaks through the descending trendline upwards
A bullish trend upwards to the next resistance line at 0.2525 will continue.
Caution: A possible counter-trend in the direction of the support level at 0.2465 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which could be a positive chart signal. The currency pair is likely to rise.
Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Current target is 0.2499962 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the resistance level at 0.2525 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Three Inside Up’ candle pattern is existing. The candles form ‘Three Inside Up’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Inside Up’ going up is 65% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.2769 |
| 2nd High | 0.268 |
| Next High | 0.2525 |
| Current Price | 0.247600000 |
| Next Low | 0.2465 |
| 2nd Low | 0.2448 |
| 3rd Low | 0.2408 |
0.2525 – 0.2514 – 0.2492 – 0.2465 – 0.2448 – 0.2408 —
0.249400000 – 0.247500000 —
41.978365332742 – 36.463729525174 —
– —
0.2525 – 1776760200
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Inside Up – – –