ADA/USDT – 30M – BUYThe currency pair Cardano/Tether (ADA/USDT) breaks through the descending trendline upwards
An ascent up to the next resistance level at 0.561100000 will continue.
Caution: A possible change in the direction of the support line at 0.548800000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. this is usually a bullish chart signal. The currency pair is likely to rise.
And also a ‘Northern Doji’ candle chart pattern is discovered. The chart forms ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.581900000 |
| 2nd High | 0.564000000 |
| Next High | 0.561100000 |
| Current Price | 0.555400000 |
| Next Low | 0.548800000 |
| 2nd Low | 0.510000000 |
| 3rd Low |
0.561100000 – 0.564000000 – 0.581900000 – 0.548800000 – 0.549800000 – 0.563100000
Trading Signals: FOREX – ADA – ADA/USDT – USDT – Northern Doji –