ADA/USDT – 30M – BUYThe currency pair Cardano/Tether (ADA/USDT) jumps from the bearish trendline upwards
An ascent upwards to the next resistance at 0.611700000 is considered certain.
Caution: A possible counter-trend in the direction of support at 0.588000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Bullish Separating Lines’ chart pattern is existing. The candles form ‘Bullish Separating Lines’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Separating Lines’ heading up is 72% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.628000000 |
| 2nd High | 0.621700000 |
| Next High | 0.611700000 |
| Current Price | 0.585500000 |
| Next Low | 0.588000000 |
| 2nd Low | 0.585700000 |
| 3rd Low | 0.554700000 |
0.611700000 – 0.621700000 – 0.628000000 – 0.588000000 – 0.599800000 – 0.613100000
Trading Signals: FOREX – ADA – ADA/USDT – USDT – Bullish Separating Lines