ADA/USDT – 1H – BUY

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

A bullish movement up to the next resistance level at 0.758600000 will continue.

Caution: A possible reversal of the trend in the direction of the support zone at 0.710700000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish signal. The pair is likely to go up.

In addition a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which could be a positive signal. The currency pair could go up.

Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Current target is 0.7592 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of resistance at 0.758600000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Northern Doji’ candlestick pattern is found. The chart shows ‘Northern Doji’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.758600000 – 0.789300000 – 0.789800000 – 0.710700000 – 0.708500000 – 0.730100000 — 57.186536739696 – 61.514609174272

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