ADA/USDT – 30M – BUYThe pair Cardano/Tether (ADA/USDT) breaks through the bullish trendline upwards
A continuation of the uptrend upwards to the next resistance level at 0.756200000 is likely expected.
Caution: A possible trend reversal in the direction of the support level at 0.726700000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Hammer’ candle chart pattern is discovered. The candles form ‘Hammer’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Hammer’ going up is 60% (Bull Market) & 59% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.841400000 |
| 2nd High | 0.777400000 |
| Next High | 0.756200000 |
| Current Price | 0.766600000 |
| Next Low | 0.726700000 |
| 2nd Low | 0.688400000 |
| 3rd Low | 0.572200000 |
0.756200000 – 0.748600000 – 0.735000000 – 0.726700000 – 0.688400000 – 0.693300000