ADA/USDT – 30M – BUYThe pair Cardano/Tether (ADA/USDT) breaks through the descending trendline up.
An ascending movement up to the next resistance line at 0.576300000 will persist.
Caution: A possible trend reversal in the direction of the support line at 0.562900000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Target of the current trend is 0.58635 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of resistance at 0.576300000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Northern Doji’ chart pattern is existing. The chart forms ‘Northern Doji’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.611900000 |
| 2nd High | 0.603400000 |
| Next High | 0.576300000 |
| Current Price | 0.575900000 |
| Next Low | 0.562900000 |
| 2nd Low | 0.560800000 |
| 3rd Low | 0.556100000 |
0.576300000 – 0.603400000 – 0.611900000 – 0.562900000 – 0.574200000 – 0.586600000
Trading Signals: FOREX – ADA – ADA/USDT – USDT – Northern Doji –