ADA/USDT – 30M – BUYThe currency pair Cardano/Tether (ADA/USDT) breaks through the descending trendline upwards
An ascending movement upwards to the next resistance at 0.2642 is expected.
Caution: A possible trend reversal in the direction of support at 0.2583 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Bullish Engulfing’ candle pattern is found. The chart shows ‘Bullish Engulfing’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.2679 |
| 2nd High | 0.2668 |
| Next High | 0.2642 |
| Current Price | 0.263300000 |
| Next Low | 0.2583 |
| 2nd Low | 0.258 |
| 3rd Low | 0.2566 |
0.2642 – 0.2668 – 0.2679 – 0.2583 – 0.258 – 0.2566 —
0.262700000 – 0.263600000 —
50.391233350609 – 56.683816025293 —
– —
0.2642 – 1773318600
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bullish Engulfing – – –