ADA/USDT – 1H – BUYThe combination Cardano/Tether (ADA/USDT) goes from the ascending trendline up.
A continuation of the uptrend up to the next resistance at 0.4371 will continue.
Caution: A possible change in the direction of the support level at 0.4148 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Bullish Engulfing’ candle pattern is detected. The chart shows ‘Bullish Engulfing’. this is a bullish pattern signal. The 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 | 0.471 |
| 2nd High | 0.439 |
| Next High | 0.4371 |
| Current Price | 0.418200000 |
| Next Low | 0.4148 |
| 2nd Low | 0.4104 |
| 3rd Low | 0.4046 |
0.4371 – 0.439 – 0.439 – 0.4148 – 0.4217 – 0.4265 — 38.377012090917 – 42.006980383056 — 6.9336630716036 – 8.465546433207 – 13.085724317434 – 9.5616379922953
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bullish Engulfing – – –