ADA/USDT – 1H – BUY

The currency pair Cardano/Tether (ADA/USDT) breaks through the ascending trendline up.

A continuation of the upward movement upwards to the next resistance line at 0.864300000 is likely expected.

Caution: A possible counter-trend in the direction of the support line at 0.742000000 is also possible.
Consider stop-loss settings accordingly.

In addition a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which is often a bullish chart signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.8254 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance zone at 0.864300000 is also possible.
Consider stop-loss settings accordingly.

In addition a ‘Northern Doji’ chart pattern is found. The candles form ‘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).

0.825400000 – 0.768300000 – 0.756200000 – 0.742000000 – 0.711400000 – 0.710500000

Trading Signals: FOREX – ADA – ADA/USDT – USDT – Northern Doji –