The pair Cardano/Tether (ADA/USDT) breaks through the descending trendline upwards
An ascent upwards to the next resistance at 0.827800000 is certain.
Caution: A possible trend reversal in the direction of support at 0.774700000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The currency pair could go up.
Furthermore a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which could be a positive signal. The pair is likely to go up.
Furthermore a ‘Northern Doji’ candlestick chart pattern is existing. The candles show ‘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 chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.937300000 |
| 2nd High | 0.900800000 |
| Next High | 0.827800000 |
| Current Price | 0.823600000 |
| Next Low | 0.774700000 |
| 2nd Low | 0.742000000 |
| 3rd Low | 0.711400000 |
0.827800000 – 0.818700000 – 0.900800000 – 0.774700000 – 0.785500000 – 0.837000000 — 55.854316325217 – 56.299004960289
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – –