ADA/USDT – 1H – BUYThe currency pair breaks through the ascending trendline upwards
A continuation of the bullish trend up to the next resistance at 0.659900000 is likely expected.
Caution: A possible trend reversal in the direction of the support zone at 0.427200000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Three White Soldiers’ candlestick pattern is found. The candles form ‘Three White Soldiers’. this 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 chance of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.659900000 |
| Current Price | 0.590800000 |
| Next Low | 0.427200000 |
| 2nd Low | 0.351400000 |
| 3rd Low | 0.328700000 |