ADA/USDT – 30M – BUYThe pair Cardano/Tether (ADA/USDT) breaks through the descending trendline up.
The bullish trend up to the next resistance level at 1.240500000 will continue.
Caution: A possible counter-trend in the direction of the support zone at 1.140100000 should be noted.
Consider stop-loss settings accordingly.
Furthermore a ‘Bullish Engulfing’ candlestick chart pattern is detected. The candles show ‘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 success rate of a ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.326400000 |
| Next High | 1.240500000 |
| Current Price | 1.231800000 |
| Next Low | 1.140100000 |
| 2nd Low | 1.056700000 |
| 3rd Low | 1.055700000 |
Download ADA/USDT Signal Image
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bullish Engulfing