ADA/USDT – 1H – BUYThe combination Cardano/Tether (ADA/USDT) breaks through the bearish trendline up.
A bullish ascent upwards to the next resistance line at 0.654100000 will continue.
Caution: A possible trend reversal in the direction of the support line at 0.541700000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Three White Soldiers’ candle pattern is detected. The candles show ‘Three White Soldiers’. 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 success rate of a ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.659900000 |
| Next High | 0.654100000 |
| Current Price | 0.658000000 |
| Next Low | 0.541700000 |
| 2nd Low | 0.427200000 |
| 3rd Low | 0.351400000 |