The pair Cardano/Tether (ADA/USDT) breaks through the bearish trendline up.
A bullish ascent up to the next resistance line at 1.096900000 will persist.
Caution: A possible trend reversal in the direction of the support line at 1.038900000 is also possible.
Consider stop-loss settings accordingly.
Also there is a ‘Three Line Strike – Bullish’ candle chart pattern is existing. The candles form ‘Three Line Strike – Bullish’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Line Strike – Bullish’ heading up is 83% (Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 1.181900000 |
2nd High | 1.133200000 |
Next High | 1.096900000 |
Current Price | 1.090200000 |
Next Low | 1.038900000 |
2nd Low | 0.994000000 |
3rd Low | 0.910000000 |
Download ADA/USDT Signal Image
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Line Strike – Bullish