ADA/USDT – 4H – BUYThe pair Cardano/Tether (ADA/USDT) moves from the ascending trendline up.
A continuation of the bullish trend up to the next resistance at 0.3136 will continue.
Caution: A possible counter-trend in the direction of the support level at 0.2584 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Bullish Engulfing’ chart pattern is detected. The chart shows ‘Bullish Engulfing’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.3707 |
| 2nd High | 0.3647 |
| Next High | 0.3136 |
| Current Price | 0.270700000 |
| Next Low | 0.2584 |
| 2nd Low | 0.2536 |
| 3rd Low | 0.2504 |
0.3136 – 0.2938 – 0.2899 – 0.2584 – 0.2594 – 0.2536 —
0.281300000 – 0.271900000 —
57.822684043441 – 45.914890327184 —
– —
0.3136 – 1772049600
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bullish Engulfing – – –