ADA/USDT – 1H – BUYThe pair Cardano/Tether (ADA/USDT) breaks through the bearish trendline up.
A bullish movement upwards to the next resistance level at 0.4185 will persist.
Caution: A possible reversal of the trend in the direction of the support zone at 0.3907 could occur.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Bullish Engulfing’ candlestick pattern is discovered. The candles show ‘Bullish Engulfing’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.4735 |
| 2nd High | 0.471 |
| Next High | 0.4185 |
| Current Price | 0.418300000 |
| Next Low | 0.3907 |
| 2nd Low | 0.3876 |
| 3rd Low | 0.2737 |
0.4185 – 0.471 – 0.4735 – 0.3907 – 0.3876 – 0.4381 — 49.402388057266 – 57.764506518172 — 59.505641335809 – 67.885165665055 – 51.544000992189 – 62.840735791311
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bullish Engulfing – Double bottom retreat down – –