ADA/USDT – 4H – BUYThe pair Cardano/Tether (ADA/USDT) goes from the bullish trendline upwards
A continuation of the uptrend up to the next resistance line at 1.326400000 is likely expected.
Caution: A possible trend reversal in the direction of the support level at 1.037500000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 1.3264 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance line at 1.326400000 is within the realm of possibility.
Consider stop-loss settings accordingly.
And also a ‘Three Line Strike – Bullish’ candle pattern is discovered. The candles show ‘Three Line Strike – Bullish’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Line Strike – Bullish’ going up is 83% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.326400000 |
| Current Price | 1.190900000 |
| Next Low | 1.037500000 |
| 2nd Low | 0.874300000 |
| 3rd Low | 0.696100000 |
Download ADA/USDT Signal Image
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Line Strike – Bullish