ADA/USDT – 1H – BUYThe currency pair Cardano/Tether (ADA/USDT) breaks through the bearish trendline upwards
An ascending movement upwards to the next resistance line at 0.964300000 is likely expected.
Caution: A possible reversal of the trend in the direction of the support level at 0.878100000 is also possible.
Consider stop-loss settings accordingly.
Furthermore a ‘Bullish Belt Hold’ candle chart pattern is found. The candles form ‘Bullish Belt Hold’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.019300000 |
| Next High | 0.964300000 |
| Current Price | 0.969100000 |
| Next Low | 0.878100000 |
| 2nd Low | 0.765800000 |
| 3rd Low | 0.734000000 |
0.964300000 – 1.019300000 – 0.833800000 – 0.878100000 – 0.765800000 – 0.766200000 — 53.759715094166 – 61.359055575952
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bullish Belt Hold – Double bottom chart pattern – –