The currency pair Cardano/Tether (ADA/USDT) goes from the bullish trendline up.
A continuation of the uptrend upwards to the next resistance at 0.855900000 is likely expected.
Caution: A possible trend reversal in the direction of the support line at 0.789800000 is also possible.
Consider stop-loss settings accordingly.
In addition a ‘StochRSI cross above 20’ indicator layout is discovered. The indicator shows ‘StochRSI cross above 20’. this is usually a bullish chart scenario. The currency pair could go up.
In addition a ‘Three Line Strike – Bullish’ candlestick pattern is detected. The chart shows ‘Three Line Strike – Bullish’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Line Strike – Bullish’ going up is 83% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.937300000 |
| 2nd High | 0.900800000 |
| Next High | 0.855900000 |
| Current Price | 0.816900000 |
| Next Low | 0.789800000 |
| 2nd Low | 0.775900000 |
| 3rd Low | 0.741700000 |
0.806900000 – 0.801200000 – 0.774000000 – 0.789800000 – 0.775900000 – 0.741700000 — 52.872354976785 – 62.904249185062
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Line Strike – Bullish – – –