ADA/USDT – 4H – BUY

The currency pair Cardano/Tether (ADA/USDT) breaks through the descending trendline upwards

An ascent up to the next resistance line at 0.841400000 is considered certain.

Caution: A possible counter-trend in the direction of the support level at 0.710500000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. this is usually a bullish signal. The currency pair could go up.

Then a ‘Bullish Belt Hold’ chart pattern is discovered. The chart shows ‘Bullish Belt Hold’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).

0.768300000 – 0.777400000 – 0.611900000 – 0.710500000 – 0.562900000 – 0.555000000

Trading Signals: FOREX – ADA – ADA/USDT – USDT – Bullish Belt Hold –