ADA/USDT – 1H – BUYThe pair Cardano/Tether (ADA/USDT) breaks through the ascending trendline up.
A continuation of the uptrend upwards to the next resistance line at 0.162800000 will continue.
Caution: A possible counter-trend in the direction of the support level at 0.142 could occur.
Consider stop-loss settings accordingly.
Besides a ‘Bullish Engulfing’ chart pattern is detected. The candles form ‘Bullish Engulfing’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.162800000 |
| Current Price | 0.161500000 |
| Next Low | 0.142 |
| 2nd Low | 0.1412 |
| 3rd Low | 0.1385 |
0.162800000 – 0.1581 – 0.1488 – 0.142 – 0.1421 – 0.1437 —
0.162800000 – 0.162100000 —
74.275833789671 – 65.411757057202 —
0.162800000 – 1782997200 —
– 1782997200
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bullish Engulfing – – –