ADA/USDT – 1H – BUYThe currency pair Cardano/Tether (ADA/USDT) moves from the bullish trendline down.
A bearish movement downwards to the next support level at 1.057500000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 1.116200000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Bullish Belt Hold’ candle pattern is existing. The chart shows ‘Bullish Belt Hold’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.121000000 |
| 2nd High | 1.119400000 |
| Next High | 1.116200000 |
| Current Price | 1.087800000 |
| Next Low | 1.057500000 |
| 2nd Low | 1.052100000 |
| 3rd Low | 0.838000000 |
Download ADA/USDT Signal Image
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bullish Belt Hold