ADA/USDT – 30M – BUYAnd also a ‘Double bottom chart pattern’ chart layout is found. The chart picture shows ‘Double bottom chart pattern’. this is a bullish pattern signal. The pair is likely to go up.
The currency pair Cardano/Tether (ADA/USDT) breaks through the bearish trendline up.
An ascending movement upwards to the next resistance level at 0.756200000 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 0.726700000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Bullish Belt Hold’ candlestick chart pattern is found. The chart shows ‘Bullish Belt Hold’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.841400000 |
| 2nd High | 0.777400000 |
| Next High | 0.756200000 |
| Current Price | 0.757800000 |
| Next Low | 0.726700000 |
| 2nd Low | 0.688400000 |
| 3rd Low | 0.572200000 |
0.756200000 – 0.748600000 – 0.735000000 – 0.726700000 – 0.688400000 – 0.693300000
Trading Signals: FOREX – ADA – ADA/USDT – USDT – Bullish Belt Hold – Double bottom chart pattern