ADA/USDT – 30M – BUYThe pair Cardano/Tether (ADA/USDT) breaks through the bullish trendline up.
A continuation of the uptrend upwards to the next resistance at 0.677700000 will persist.
Caution: A possible counter-trend in the direction of the support level at 0.656500000 could occur.
Consider stop-loss settings accordingly.
Then a ‘Bullish Belt Hold’ candlestick pattern is found. The candles form ‘Bullish Belt Hold’. which is a bullish chart scenario. The currency pair is likely to rise. 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 | 0.679600000 |
| 2nd High | 0.679100000 |
| Next High | 0.677700000 |
| Current Price | 0.698600000 |
| Next Low | 0.656500000 |
| 2nd Low | 0.651700000 |
| 3rd Low | 0.649400000 |
0.677700000 – 0.679100000 – 0.679600000 – 0.656500000 – 0.651700000 – 0.655700000
Trading Signals: FOREX – ADA – ADA/USDT – USDT – Bullish Belt Hold