ADA/USDT – 30M – BUY

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

A continuation of the bullish trend upwards to the next resistance line at 0.2816 will continue.

Caution: A possible reversal of the trend in the direction of the support level at 0.2621 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Current target is 0.2761484 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 0.2816 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Inverted Hammer’ candlestick chart pattern is found. The chart shows ‘Inverted Hammer’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Inverted Hammer’ heading up is 65% (Bull Market).

0.2673 – 0.2666 – 0.2816 – 0.2621 – 0.2623 – 0.2585 —
0.264200000 – 0.272000000 —
48.600743655068 – 62.50631594097 —
– —
0.2673 – 1773550800

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Inverted Hammer – – –