ADA/USDT – 1H – BUY

The currency pair Cardano/Tether (ADA/USDT) breaks through the descending trendline upwards

A bullish trend upwards to the next resistance level at 0.2634 will persist.

Caution: A possible counter-trend in the direction of support at 0.2504 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Current target is 0.26735 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of resistance at 0.2634 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Three Outside Up’ candlestick chart pattern is found. The chart forms ‘Three Outside Up’. 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 ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

0.2634 – 0.2766 – 0.2763 – 0.2504 – 0.2597 – 0.2596 —
0.260100000 – 0.259400000 —
51.311284324823 – 50.812749885584 —
– —
0.2634 – 1770818400

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Outside Up – – –