ADA/USDT – 1H – BUY

The currency pair Cardano/Tether (ADA/USDT) breaks through the bearish trendline up.

A bullish ascent up to the next resistance line at 0.1629 will continue.

Caution: A possible trend reversal in the direction of the support level at 0.1556 could occur.
Consider stop-loss settings accordingly.

Next a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which is often a bullish chart signal. The pair is likely to go up.

Correction of the major bearish trend broke the Fibonacci 0-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.160134 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of resistance at 0.1629 could occur.
Consider stop-loss settings accordingly.

Next a ‘Three Outside Up’ chart pattern is detected. The candles form ‘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 likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

0.1629 – 0.1639 – 0.1651 – 0.16 – 0.16 – 0.1586 —
0.162400000 – 0.159100000 —
47.948223083004 – 25.378966792432 —
– —
0.1629 – 1782054000

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Outside Up – – –