The combination Cardano/Tether (ADA/USDT) breaks through the descending trendline upwards
An ascending movement up to the next resistance line at 0.2704 is certain.
Caution: A possible change in the direction of the support level at 0.2632 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Three Outside Up’ candle chart pattern is existing. The chart forms ‘Three Outside Up’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.2769 |
| 2nd High | 0.2731 |
| Next High | 0.2704 |
| Current Price | 0.263700000 |
| Next Low | 0.2632 |
| 2nd Low | 0.2558 |
| 3rd Low | 0.247 |
0.2704 – 0.2689 – 0.2731 – 0.2632 – 0.2558 – 0.247 —
0.268300000 – 0.262700000 —
46.483730660284 – 33.413027465869 —
– —
0.2704 – 1778157000
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Outside Up – – –