The currency pair Cardano/Tether (ADA/USDT) moves from the ascending trendline up.
A continuation of the upward movement up to the next resistance at 0.1694 is likely expected.
Caution: A possible change in the direction of support at 0.1554 should always be considered.
Consider stop-loss settings accordingly.
Furthermore a ‘Three Outside Up’ candle chart pattern is discovered. The chart forms ‘Three Outside Up’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.2 |
| 2nd High | 0.1745 |
| Next High | 0.1694 |
| Current Price | 0.162800000 |
| Next Low | 0.1554 |
| 2nd Low | 0.142 |
| 3rd Low | 0.1412 |
0.1694 – 0.1745 – 0.2 – 0.1554 – 0.1647 – 0.142 —
0.166400000 – 0.160700000 —
52.634075953129 – 38.135164798406 —
– —
0.1694 – 1784117100
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Outside Up – – –