ADA/USDT – 1H – BUYThe combination Cardano/Tether (ADA/USDT) jumps from the bullish trendline downwards
A descent down to the next support level at 1.057500000 is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.116200000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Bullish Belt Hold’ candlestick chart pattern is discovered. The candles show ‘Bullish Belt Hold’. which 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 likelyhood of ‘Bullish Belt Hold’ heading 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