ADA/USDT – 30M – BUYThe pair Cardano/Tether (ADA/USDT) breaks through the bullish trendline up.
A continuation of the uptrend upwards to the next resistance line at 0.768300000 is expected.
Caution: A possible trend reversal in the direction of the support line at 0.711400000 should always be considered.
Consider stop-loss settings accordingly.
Moreover a ‘Bullish Belt Hold’ candle pattern is discovered. The candles form ‘Bullish Belt Hold’. this is a bullish signal. 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’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.841400000 |
| 2nd High | 0.777400000 |
| Next High | 0.768300000 |
| Current Price | 0.778400000 |
| Next Low | 0.711400000 |
| 2nd Low | 0.710500000 |
| 3rd Low | 0.688400000 |
0.750900000 – 0.739400000 – 0.768300000 – 0.711400000 – 0.710500000 – 0.726700000
Trading Signals: FOREX – ADA – ADA/USDT – USDT – Bullish Belt Hold –