ADA/USDT – 1H – BUYThe pair jumps from the ascending trendline up.
A continuation of the upward movement up to the next resistance level at 0.458700000 is likely expected.
Caution: A possible change in the direction of the support level at 0.427200000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Three White Soldiers’ candle pattern is detected. The chart forms ‘Three White Soldiers’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.458700000 |
| Current Price | 0.442400000 |
| Next Low | 0.427200000 |
| 2nd Low | 0.351400000 |
| 3rd Low | 0.328700000 |