ADA/USDT – 30M – BUYThe currency pair Cardano/Tether (ADA/USDT) breaks through the bearish trendline upwards
An ascending movement upwards to the next resistance at 1.234600000 is certain.
Caution: A possible trend reversal in the direction of the support line at 1.140100000 could happen.
Consider stop-loss settings accordingly.
Additionally a ‘Inverted Hammer’ candle pattern is detected. The chart forms ‘Inverted Hammer’. 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 probability of ‘Inverted Hammer’ heading up is 65% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.326400000 |
| Next High | 1.234600000 |
| Current Price | 1.209100000 |
| Next Low | 1.140100000 |
| 2nd Low | 1.056700000 |
| 3rd Low | 1.055700000 |
Download ADA/USDT Signal Image
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Inverted Hammer