ADA/USDT – 1H – BUYThe combination Cardano/Tether (ADA/USDT) breaks through the bearish trendline up.
An ascent up to the next resistance level at 0.748000000 is likely expected.
Caution: A possible trend reversal in the direction of the support level at 0.710700000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘RSI cross above 70’ indicator layout is discovered. The indicator is ‘RSI cross above 70’. which could be a positive chart scenario. The pair is likely to go up.
Next a ‘Northern Doji’ candlestick pattern is discovered. The chart shows ‘Northern Doji’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.789300000 |
| 2nd High | 0.758600000 |
| Next High | 0.748000000 |
| Current Price | 0.763700000 |
| Next Low | 0.710700000 |
| 2nd Low | 0.708500000 |
| 3rd Low | 0.688400000 |
0.748000000 – 0.758600000 – 0.789300000 – 0.710700000 – 0.708500000 – 0.730100000 — 60.256994751635 – 75.825521068792
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – – –