ADA/USDT – 1H – BUYThe combination Cardano/Tether (ADA/USDT) jumps from the bullish trendline upwards
A continuation of the upward movement up to the next resistance level at 0.848400000 will persist.
Caution: A possible trend reversal in the direction of support at 0.765500000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Bullish Engulfing’ candle pattern is detected. The chart forms ‘Bullish Engulfing’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.848400000 |
| Current Price | 0.802700000 |
| Next Low | 0.765500000 |
| 2nd Low | 0.720000000 |
| 3rd Low | 0.717100000 |
Download ADA/USDT Signal Image
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bullish Engulfing