ADA/USDT – 30M – SELLThe currency pair Cardano/Tether (ADA/USDT) goes from the bearish trendline downwards
A continuation of the bearish trend down to the next support line at 0.685900000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.712600000 should be noted.
Consider stop-loss settings accordingly.
Then a ‘Northern Doji’ candlestick chart pattern is found. The candles form ‘Northern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.760100000 |
| 2nd High | 0.715800000 |
| Next High | 0.712600000 |
| Current Price | 0.709000000 |
| Next Low | 0.685900000 |
| 2nd Low | 0.656500000 |
| 3rd Low | 0.651700000 |
0.712600000 – 0.715800000 – 0.677700000 – 0.685900000 – 0.656500000 – 0.651700000
Trading Signals: FOREX – ADA – ADA/USDT – USDT – Northern Doji