ADA/USDT – 4H – BUYThe pair Cardano/Tether (ADA/USDT) breaks through the descending trendline up.
The bullish trend upwards to the next resistance level at 0.654100000 is likely expected.
Caution: A possible trend reversal in the direction of the support line at 0.328700000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Three White Soldiers’ candlestick chart pattern is detected. The chart shows ‘Three White Soldiers’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.659900000 |
| Next High | 0.654100000 |
| Current Price | 0.663500000 |
| Next Low | 0.328700000 |
| 2nd Low | 0.314100000 |
| 3rd Low |