ADA/USDT – 1H – BUYThe currency pair Cardano/Tether (ADA/USDT) breaks through the bearish trendline up.
An ascending movement up to the next resistance level at 0.1814 is certain.
Caution: A possible counter-trend in the direction of the support line at 0.1654 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Hammer’ chart pattern is existing. The candles show ‘Hammer’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Hammer’ going up is 60% (Bull Market) & 59% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.2184 |
| 2nd High | 0.19 |
| Next High | 0.1814 |
| Current Price | 0.169500000 |
| Next Low | 0.1654 |
| 2nd Low | 0.1641 |
| 3rd Low | 0.1582 |
0.1814 – 0.19 – 0.187 – 0.1755 – 0.1654 – 0.1712 —
0.174500000 – 0.169800000 —
41.379473152883 – 32.098166443166 —
– —
0.1814 – 1781596800
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Hammer – – –