The combination Cardano/Tether (ADA/USDT) moves from the bullish trendline down.
A descending movement down to the next support level at 0.829600000 is considered certain.
Caution: A possible change in the direction of the resistance level at 0.881400000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Bullish Engulfing’ candle chart pattern is detected. The candles form ‘Bullish Engulfing’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ heading up is 63%.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.912300000 |
2nd High | 0.904800000 |
Next High | 0.881400000 |
Current Price | 0.858200000 |
Next Low | 0.829600000 |
2nd Low | 0.770000000 |
3rd Low | 0.765500000 |
Download ADA/USDT Signal Image
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bullish Engulfing