ADA/USDT – 30M – BUYFurthermore a ‘Double top retreat up’ chart pattern is detected. The formation shows ‘Double top retreat up’. this is a bullish signal. The currency pair is likely to go up.
The combination Cardano/Tether (ADA/USDT) jumps from the descending trendline up.
A bullish trend up to the next resistance line at 0.848600000 is considered certain.
Caution: A possible counter-trend in the direction of the support level at 0.814800000 could occur.
Consider stop-loss settings accordingly.
Furthermore a ‘Above the Stomach’ candlestick chart pattern is detected. The chart forms ‘Above the Stomach’. this 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 success rate of a ‘Above the Stomach’ going up is 66% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.874000000 |
| 2nd High | 0.866400000 |
| Next High | 0.848600000 |
| Current Price | 0.820000000 |
| Next Low | 0.814800000 |
| 2nd Low | 0.765800000 |
| 3rd Low | 0.741700000 |
0.848600000 – 0.866400000 – 0.874000000 – 0.814800000 – 0.844100000 – 0.853000000 — 37.781086060115 – 44.951835790555
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Above the Stomach – Double top retreat up – –