ADA/USDT – 1H – BUYThe currency pair breaks through the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance at is considered certain.
Caution: A possible counter-trend in the direction of the support zone at 0.427200000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Three White Soldiers’ candle chart pattern is existing. The candles show ‘Three White Soldiers’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.579500000 |
| Next Low | 0.427200000 |
| 2nd Low | 0.351400000 |
| 3rd Low | 0.328700000 |