The combination Cardano/Tether (ADA/USDT) breaks through the descending trendline upwards
An ascent upwards to the next resistance level at 0.3019 is expected.
Caution: A possible counter-trend in the direction of the support line at 0.2938 could happen.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Three Outside Up’ candlestick pattern is discovered. The candles form ‘Three Outside Up’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.3319 |
| 2nd High | 0.3034 |
| Next High | 0.3019 |
| Current Price | 0.294900000 |
| Next Low | 0.2938 |
| 2nd Low | 0.2934 |
| 3rd Low | 0.2757 |
0.3019 – 0.3034 – 0.2936 – 0.2938 – 0.2934 – 0.2757 —
0.301900000 – 0.286200000 —
58.115110070412 – 24.98352703471 —
– —
0.3019 – 1770093000
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Outside Up – – –