ADA/USDT – 30M – BUYThe currency pair Cardano/Tether (ADA/USDT) moves from the ascending trendline downwards
A bearish descent down to the next support line at 1.057500000 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 1.116200000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Bullish Belt Hold’ chart pattern is found. The candles show ‘Bullish Belt Hold’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.121000000 |
| 2nd High | 1.119400000 |
| Next High | 1.116200000 |
| Current Price | 1.087800000 |
| Next Low | 1.057500000 |
| 2nd Low | 1.052100000 |
| 3rd Low | 0.945000000 |
Download ADA/USDT Signal Image
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bullish Belt Hold