ADA/USDT – 30M – BUYBesides a ‘Double bottom chart pattern’ chart pattern is found. The chart picture shows ‘Double bottom chart pattern’. which is a bullish pattern signal. The currency pair is likely to go up.
The pair Cardano/Tether (ADA/USDT) breaks through the descending trendline up.
A bullish movement upwards to the next resistance line at 0.838500000 will persist.
Caution: A possible reversal of the trend in the direction of the support line at 0.823000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Hammer’ chart pattern is found. The chart shows ‘Hammer’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Hammer’ going up is 60% (Bull Market) & 59% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.850000000 |
| 2nd High | 0.838900000 |
| Next High | 0.838500000 |
| Current Price | 0.839500000 |
| Next Low | 0.823000000 |
| 2nd Low | 0.814300000 |
| 3rd Low | 0.802600000 |
0.838500000 – 0.828100000 – 0.838900000 – 0.823000000 – 0.814300000 – 0.818800000 — 56.384326921999 – 59.010810518372
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Hammer – Double bottom chart pattern – –