The pair Cardano/Tether (ADA/USDT) breaks through the bearish trendline upwards
A bullish ascent up to the next resistance at 0.1653 is likely expected.
Caution: A possible trend reversal in the direction of the support level at 0.1578 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Bullish Separating Lines’ candle chart pattern is detected. The chart forms ‘Bullish Separating Lines’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Separating Lines’ heading up is 72% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.1694 |
| 2nd High | 0.1664 |
| Next High | 0.1653 |
| Current Price | 0.160000000 |
| Next Low | 0.1578 |
| 2nd Low | 0.156 |
| 3rd Low | 0.1554 |
0.1653 – 0.1664 – 0.1694 – 0.1578 – 0.1611 – 0.1625 —
0.161000000 – 0.160300000 —
52.372560866708 – 44.388692649053 —
– —
0.1653 – 1784210400
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bullish Separating Lines – – –