ADA/USDT – 4H – BUYThe pair Cardano/Tether (ADA/USDT) breaks through the bearish trendline up.
An ascending movement up to the next resistance at 0.254 is likely expected.
Caution: A possible trend reversal in the direction of the support level at 0.2383 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Bullish Belt Hold’ candlestick pattern is found. The candles show ‘Bullish Belt Hold’. 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 ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.2576 |
| 2nd High | 0.2561 |
| Next High | 0.254 |
| Current Price | 0.252400000 |
| Next Low | 0.2383 |
| 2nd Low | 0.2354 |
| 3rd Low | 0.2348 |
0.254 – 0.2561 – 0.2576 – 0.2383 – 0.243 – 0.2446 —
0.250500000 – 0.255000000 —
49.064483722324 – 56.062714628397 —
– —
0.254 – 1777449600
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bullish Belt Hold – – –