ADA/USDT – 1H – BUY

The pair Cardano/Tether (ADA/USDT) jumps from the descending trendline up.

An ascent up to the next resistance at 0.2874 is likely expected.

Caution: A possible counter-trend in the direction of the support zone at 0.2714 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘StochRSI %K line crosses above %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses above %D line’. which could be a positive signal. The pair is likely to go up.

Furthermore a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which is often a bullish chart signal. The currency pair is likely to rise.

Furthermore a ‘Bullish Engulfing’ candlestick pattern is found. The candles form ‘Bullish Engulfing’. which is a positive chart scenario. 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 Engulfing’ heading up is 63%.

0.2874 – 0.2899 – 0.2892 – 0.2714 – 0.2773 – 0.2769 —
0.275400000 – 0.272700000 —
40.433646466577 – 35.441701546719 —
– —
0.2874 – 1771426800

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bullish Engulfing – Double top retreat up – –