ADA/USDT – 1H – SELLThe pair Cardano/Tether (ADA/USDT) goes from the ascending trendline down.
A bearish trend downwards to the next support level at 0.685900000 will continue.
Caution: A possible counter-trend in the direction of resistance at 0.715800000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Northern Doji’ candlestick chart pattern is detected. The chart shows ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.761400000 |
| 2nd High | 0.760100000 |
| Next High | 0.715800000 |
| Current Price | 0.711700000 |
| Next Low | 0.685900000 |
| 2nd Low | 0.656500000 |
| 3rd Low | 0.651700000 |
0.715800000 – 0.679600000 – 0.670800000 – 0.685900000 – 0.656500000 – 0.651700000
Trading Signals: FOREX – ADA – ADA/USDT – USDT – Northern Doji