The currency pair Cardano/Tether (ADA/USDT) moves from the descending trendline up.
A bullish trend up to the next resistance line at 0.362 will continue.
Caution: A possible change in the direction of the support zone at 0.318 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Latter Bottom’ chart pattern is existing. The candles form ‘Latter Bottom’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Latter Bottom’ going up is 56% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.3707 |
| 2nd High | 0.3647 |
| Next High | 0.362 |
| Current Price | 0.325100000 |
| Next Low | 0.318 |
| 2nd Low | 0.2737 |
| 3rd Low |
0.362 – 0.3647 – 0.3636 – 0.318 – 0.3272 – 0.3473 —
0.323800000 – 0.324900000 —
36.512970636882 – 44.179833558433 —
– —
0.36200 – 1769630400
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Latter Bottom – – –