The currency pair Cardano/Tether (ADA/USDT) jumps from the descending trendline upwards
An ascending movement up to the next resistance line at 0.1653 is expected.
Caution: A possible trend reversal in the direction of the support line at 0.1554 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Bullish Engulfing’ chart pattern is detected. The chart shows ‘Bullish Engulfing’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.1694 |
| 2nd High | 0.1664 |
| Next High | 0.1653 |
| Current Price | 0.160000000 |
| Next Low | 0.1554 |
| 2nd Low | 0.142 |
| 3rd Low | 0.1412 |
0.1653 – 0.1664 – 0.1694 – 0.1611 – 0.1625 – 0.162 —
0.161200000 – 0.159400000 —
37.084747831078 – 36.989707477515 —
– —
0.1653 – 1784210400
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bullish Engulfing – – –