ADA/USDT – 1H – BUYThe combination Cardano/Tether (ADA/USDT) jumps from the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance level at 0.4286 will continue.
Caution: A possible change in the direction of the support level at 0.4046 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘%K cross above 20’ indicator layout is detected. The indicator shows ‘%K cross above 20’. which is often a bullish chart scenario. The currency pair could go up.
And also a ‘Bullish Engulfing’ candlestick pattern is detected. The candles show ‘Bullish Engulfing’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.471 |
| 2nd High | 0.4342 |
| Next High | 0.4286 |
| Current Price | 0.416600000 |
| Next Low | 0.4046 |
| 2nd Low | 0.402 |
| 3rd Low | 0.3907 |
0.4286 – 0.4342 – 0.4218 – 0.4046 – 0.402 – 0.404 — 40.265540843396 – 45.65464273097 — 0 – 8.2965009208103 – 0.60313948588285 – 2.7655003069368
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bullish Engulfing – – –