The currency pair Cardano/Tether (ADA/USDT) breaks through the bullish trendline up.
A continuation of the bullish trend upwards to the next resistance line at 0.2599 is likely expected.
Caution: A possible change in the direction of the support zone at 0.247 should be noted.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is likely expected. Current target is 0.2599 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the resistance zone at 0.2599 should be noted.
Consider stop-loss settings accordingly.
Moreover a ‘Three White Soldiers’ chart pattern is found. The candles show ‘Three White Soldiers’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.2769 |
| 2nd High | 0.268 |
| Next High | 0.2599 |
| Current Price | 0.258200000 |
| Next Low | 0.247 |
| 2nd Low | 0.2454 |
| 3rd Low | 0.245 |
0.2599 – 0.255 – 0.2518 – 0.247 – 0.2473 – 0.2475 —
0.259200000 – 0.257300000 —
72.879271767656 – 55.754100136799 —
– —
0.2599 – 1777977000
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three White Soldiers – – –