ADA/USDT – 30M – BUYIn addition a ‘Double bottom chart pattern’ chart formation is detected. The chart shows ‘Double bottom chart pattern’. this is a bullish pattern signal. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Current target is 0.8388136 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 0.838900000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Bullish Belt Hold’ candle pattern is found. The chart shows ‘Bullish Belt Hold’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.866400000 |
| 2nd High | 0.850000000 |
| Next High | 0.838900000 |
| Current Price | 0.830000000 |
| Next Low | 0.814300000 |
| 2nd Low | 0.802600000 |
| 3rd Low | 0.800300000 |
0.828100000 – 0.838900000 – 0.850000000 – 0.814300000 – 0.818800000 – 0.818300000 — 55.862453395285 – 64.283925922196
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bullish Belt Hold – Double bottom chart pattern – –