ADA/USDT – 30M – BUYThe pair Cardano/Tether (ADA/USDT) jumps from the ascending trendline down.
A bearish descent down to the next support at 0.945000000 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 1.121000000 could happen.
Consider stop-loss settings accordingly.
Next a ‘Bullish Engulfing’ candlestick pattern is existing. The chart shows ‘Bullish Engulfing’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.181900000 |
| 2nd High | 1.133200000 |
| Next High | 1.121000000 |
| Current Price | 1.058500000 |
| Next Low | 0.945000000 |
| 2nd Low | 0.924500000 |
| 3rd Low | 0.838000000 |
Download ADA/USDT Signal Image
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bullish Engulfing