ADA/USDT – 1H – BUYThe pair Cardano/Tether (ADA/USDT) breaks through the descending trendline upwards
An ascent up to the next resistance level at 0.4228 is likely expected.
Caution: A possible counter-trend in the direction of the support zone at 0.3294 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘%K crosses above %D’ indicator layout is detected. The indicator is ‘%K crosses above %D’. this is usually a bullish chart scenario. The pair is likely to go up.
Next a ‘Bullish Belt Hold’ candlestick pattern is detected. The chart forms ‘Bullish Belt Hold’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.4761 |
| 2nd High | 0.4374 |
| Next High | 0.4228 |
| Current Price | 0.397700000 |
| Next Low | 0.3294 |
| 2nd Low | 0.2737 |
| 3rd Low |
0.4228 – 0.4374 – 0.4309 – 0.4011 – 0.3294 – 0.3488 — 42.588226799392 – 50.891489112439 — 69.300409185698 – 76.379138467466 – 81.112803266299 – 75.91367058052
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bullish Belt Hold – – –