ADA/USDT – 1H – BUYThe currency pair Cardano/Tether (ADA/USDT) breaks through the bearish trendline upwards
An ascending movement upwards to the next resistance line at 0.906500000 is likely expected.
Caution: A possible counter-trend in the direction of the support level at 0.887100000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Bullish Engulfing’ candle chart pattern is found. The candles form ‘Bullish Engulfing’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.954000000 |
| 2nd High | 0.938600000 |
| Next High | 0.906500000 |
| Current Price | 0.896500000 |
| Next Low | 0.887100000 |
| 2nd Low | 0.885500000 |
| 3rd Low | 0.860800000 |
0.906500000 – 0.938600000 – 0.925600000 – 0.887100000 – 0.885500000 – 0.860800000 — 44.726932322411 – 50.323629371441
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bullish Engulfing – – –