ADA/USDT – 30M – BUYThe combination Cardano/Tether (ADA/USDT) breaks through the ascending trendline upwards
A continuation of the uptrend up to the next resistance at 0.864300000 is considered certain.
Caution: A possible trend reversal in the direction of the support level at 0.785400000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Bullish Engulfing’ candlestick chart pattern is found. The candles form ‘Bullish Engulfing’. which is a bullish pattern signal. 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 | |
| 2nd High | |
| Next High | 0.864300000 |
| Current Price | 0.861300000 |
| Next Low | 0.785400000 |
| 2nd Low | 0.742000000 |
| 3rd Low | 0.711400000 |
0.825400000 – 0.784900000 – 0.750900000 – 0.785400000 – 0.742000000 – 0.711400000
Trading Signals: FOREX – ADA – ADA/USDT – USDT – Bullish Engulfing –