ADA/USDT – 1H – BUYThe currency pair Cardano/Tether (ADA/USDT) breaks through the bearish trendline up.
A bullish ascent upwards to the next resistance level at 0.257400000 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 0.2496 is within the realm of possibility.
Consider stop-loss settings accordingly.
Moreover a ‘StochRSI %K line crosses above %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart signal. The currency pair could go up.
Moreover a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. this is usually a bullish chart signal. The pair is likely to go up.
Moreover a ‘Bullish Belt Hold’ candlestick chart pattern is discovered. The candles form ‘Bullish Belt Hold’. which is a positive signal. The currency pair is likely to rise. 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 | 0.278 |
| 2nd High | 0.272 |
| Next High | 0.257400000 |
| Current Price | 0.253300000 |
| Next Low | 0.2496 |
| 2nd Low | 0.2205 |
| 3rd Low |
0.257400000 – 0.272 – 0.278 – 0.2496 – 0.2517 – 0.2651 —
0.257400000 – 0.251500000 —
50.602919929342 – 37.422127877831 —
0.257400000 – 1772964000 —
– 1772964000
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bullish Belt Hold – – –