The pair Cardano/Tether (ADA/USDT) breaks through the descending trendline upwards
An ascent up to the next resistance at 0.2527 will continue.
Caution: A possible trend reversal in the direction of the support level at 0.2458 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. this is usually a bullish signal. The pair is likely to go up.
Then a ‘Bullish Engulfing’ candle pattern is found. The candles show ‘Bullish Engulfing’. which is a bullish signal. The pair is likely to go up. 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 | 0.2536 |
| 2nd High | 0.2532 |
| Next High | 0.2527 |
| Current Price | 0.253000000 |
| Next Low | 0.2458 |
| 2nd Low | 0.2452 |
| 3rd Low | 0.245 |
0.2527 – 0.2515 – 0.251 – 0.2458 – 0.2483 – 0.2473 —
0.247900000 – 0.252800000 —
42.918565886185 – 67.253713512613 —
– —
0.2527 – 1779336000
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bullish Engulfing – – –