ADA/USDT – 4H – BUYThe combination Cardano/Tether (ADA/USDT) breaks through the descending trendline upwards
An ascending movement up to the next resistance line at 0.855900000 is expected.
Caution: A possible trend reversal in the direction of the support level at could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart scenario. The pair is likely to go up.
Besides a ‘Northern Doji’ candlestick chart pattern is found. The chart shows ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.937300000 |
| Next High | 0.855900000 |
| Current Price | 0.742700000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.855900000 – 0.937300000 – 0.895500000 – 0.708500000 – 0.774700000 – 0.710500000 — 46.450360324682 – 46.777270116622
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – – –