ADA/USDT – 30M – BUY

The combination Cardano/Tether (ADA/USDT) breaks through the descending trendline upwards

An ascending movement up to the next resistance at 0.2668 will persist.

Caution: A possible counter-trend in the direction of the support level at 0.258 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Bullish Engulfing’ candle pattern is found. The candles form ‘Bullish Engulfing’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ going up is 63%.

0.2668 – 0.2679 – 0.2739 – 0.258 – 0.2566 – 0.261 —
0.261000000 – 0.263200000 —
48.671017148957 – 55.572740862673 —
– —
0.2668 – 1773255600

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bullish Engulfing – – –