ADA/USDT – 1H – BUYThe pair Cardano/Tether (ADA/USDT) breaks through the bullish trendline up.
A continuation of the bullish trend upwards to the next resistance at 0.1832 is considered certain.
Caution: A possible reversal of the trend in the direction of the support line at 0.175 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Bullish Engulfing’ candle chart pattern is existing. The chart shows ‘Bullish Engulfing’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.2184 |
| 2nd High | 0.19 |
| Next High | 0.1832 |
| Current Price | 0.193100000 |
| Next Low | 0.175 |
| 2nd Low | 0.142 |
| 3rd Low | 0.1412 |
0.1832 – 0.1628 – 0.1581 – 0.175 – 0.142 – 0.1421 —
0.190700000 – 0.192900000 —
79.809918770498 – 65.673761220791 —
– —
0.1832 – 1783105200
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bullish Engulfing – – –