ADA/USDT – 30M – BUYMoreover a ‘Double bottom chart pattern’ chart formation is detected. The chart forms ‘Double bottom chart pattern’. which is a bullish chart scenario. The currency pair is likely to rise.
The currency pair Cardano/Tether (ADA/USDT) breaks through the descending trendline upwards
The bullish trend upwards to the next resistance at 0.756200000 is expected.
Caution: A possible trend reversal in the direction of the support line at 0.726700000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Bullish Belt Hold’ candlestick pattern is detected. The chart shows ‘Bullish Belt Hold’. which is a bullish chart scenario. The currency pair is likely to go up. 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 | 0.841400000 |
| 2nd High | 0.777400000 |
| Next High | 0.756200000 |
| Current Price | 0.757800000 |
| Next Low | 0.726700000 |
| 2nd Low | 0.688400000 |
| 3rd Low | 0.572200000 |
0.756200000 – 0.748600000 – 0.735000000 – 0.726700000 – 0.688400000 – 0.693300000
Trading Signals: FOREX – ADA – ADA/USDT – USDT – Bullish Belt Hold – Double bottom chart pattern