ADA/USDT – 1H – BUY

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

An ascending movement up to the next resistance level at 0.2484 is certain.

Caution: A possible trend reversal in the direction of the support zone at 0.2383 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Bullish Engulfing’ candle pattern is discovered. The chart shows ‘Bullish Engulfing’. which is a bullish signal. The 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%.

0.2484 – 0.254 – 0.2488 – 0.2383 – 0.2443 – 0.243 —
0.247400000 – 0.246400000 —
48.637958666638 – 49.681096896086 —
– —
0.2484 – 1777539600

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bullish Engulfing – – –