ADA/USDT – 30M – BUYThe currency pair Cardano/Tether (ADA/USDT) jumps from the ascending trendline upwards
A continuation of the bullish trend upwards to the next resistance line at 0.715800000 will continue.
Caution: A possible trend reversal in the direction of the support level at is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish signal. The pair is likely to go up.
Moreover a ‘Bullish Belt Hold’ candle pattern is found. The candles show ‘Bullish Belt Hold’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.761400000 |
| 2nd High | 0.760100000 |
| Next High | 0.715800000 |
| Current Price | 0.700000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.715800000 – 0.677700000 – 0.679100000 – 0.685900000 – 0.656500000 – 0.651700000
Trading Signals: FOREX – ADA – ADA/USDT – USDT – Bullish Belt Hold