The pair Cardano/Tether (ADA/USDT) goes from the bullish trendline upwards
A continuation of the uptrend upwards to the next resistance at 0.834400000 is likely expected.
Caution: A possible reversal of the trend in the direction of the support line at 0.784400000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. this is usually a bullish signal. The currency pair is likely to rise.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Current target is 0.8094 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 0.834400000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Northern Doji’ candlestick pattern is discovered. The chart shows ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. 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 | 0.900800000 |
| 2nd High | 0.855900000 |
| Next High | 0.834400000 |
| Current Price | 0.800000000 |
| Next Low | 0.784400000 |
| 2nd Low | 0.775900000 |
| 3rd Low | 0.741700000 |
0.834400000 – 0.821200000 – 0.820500000 – 0.784400000 – 0.800900000 – 0.796400000 — 47.197312269445 – 48.256710124487
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – – –