ADA/USDT – 1H – BUYThe combination Cardano/Tether (ADA/USDT) moves from the bullish trendline upwards
A continuation of the uptrend up to the next resistance line at 0.902500000 will continue.
Caution: A possible counter-trend in the direction of the support level at 0.852400000 could be enabled.
Consider stop-loss settings accordingly.
In addition a ‘Bullish Engulfing’ candle pattern is existing. The candles show ‘Bullish Engulfing’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.964300000 |
| 2nd High | 0.954000000 |
| Next High | 0.902500000 |
| Current Price | 0.861700000 |
| Next Low | 0.852400000 |
| 2nd Low | 0.823000000 |
| 3rd Low | 0.814300000 |
0.902500000 – 0.954000000 – 0.909700000 – 0.852400000 – 0.879200000 – 0.882500000 — 30.802988989406 – 36.997988146697
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bullish Engulfing – – –