ADA/USDT – 1H – BUYMoreover a ‘Double top retreat up’ chart formation is existing. The formation shows ‘Double top retreat up’. which is a positive signal. The currency pair is likely to rise.
The pair Cardano/Tether (ADA/USDT) breaks through the descending trendline upwards
A bullish trend up to the next resistance line at 0.789800000 will continue.
Caution: A possible change in the direction of the support level at 0.742000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover 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 probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.855900000 |
| 2nd High | 0.809900000 |
| Next High | 0.789800000 |
| Current Price | 0.772600000 |
| Next Low | 0.742000000 |
| 2nd Low | 0.711400000 |
| 3rd Low | 0.710500000 |
0.789800000 – 0.809900000 – 0.855900000 – 0.769400000 – 0.779900000 – 0.814100000 — 43.034331439836 – 50.483439920772
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – Double top retreat up –