In addition a ‘Falling Wedge Chart Pattern’ chart pattern is existing. The chart forms ‘Falling Wedge Chart Pattern’. which is a bullish pattern signal. The currency pair is likely to go up.
The currency pair Cardano/Tether (ADA/USDT) breaks through the bearish trendline upwards
A bullish trend upwards to the next resistance at 0.645000000 will continue.
Caution: A possible trend reversal in the direction of the support line at 0.627700000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Three White Soldiers’ chart pattern is found. The chart forms ‘Three White Soldiers’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.760100000 |
| 2nd High | 0.723000000 |
| Next High | 0.645000000 |
| Current Price | 0.638700000 |
| Next Low | 0.627700000 |
| 2nd Low | 0.623500000 |
| 3rd Low | 0.618600000 |
0.645000000 – 0.723000000 – 0.712600000 – 0.627700000 – 0.623500000 – 0.685900000
Trading Signals: FOREX – ADA – ADA/USDT – USDT – Three White Soldiers