ADA/USDT – 1H – BUYThe currency pair Cardano/Tether (ADA/USDT) breaks through the bearish trendline up.
A bullish trend upwards to the next resistance line at 1.148000000 is expected.
Caution: A possible trend reversal in the direction of the support level at 1.037800000 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is expected. Current target is 1.148 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the resistance zone at 1.148000000 should always be considered.
Consider stop-loss settings accordingly.
Also there is a ‘Three White Soldiers’ candlestick pattern is found. The candles form ‘Three White Soldiers’. which is a positive signal. 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’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.154200000 |
| Next High | 1.148000000 |
| Current Price | 1.129700000 |
| Next Low | 1.037800000 |
| 2nd Low | 0.969300000 |
| 3rd Low | 0.874300000 |
Download ADA/USDT Signal Image
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three White Soldiers