The currency pair Cardano/Tether (ADA/USDT) moves from the ascending trendline up.
A continuation of the upward movement upwards to the next resistance line at 0.833800000 will continue.
Caution: A possible counter-trend in the direction of support at 0.782900000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which could be a positive chart scenario. The currency pair could go up.
In addition a ‘Northern Doji’ candle chart pattern is detected. The candles form ‘Northern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.855900000 |
| 2nd High | 0.834400000 |
| Next High | 0.833800000 |
| Current Price | 0.793400000 |
| Next Low | 0.782900000 |
| 2nd Low | 0.775900000 |
| 3rd Low | 0.741700000 |
0.833800000 – 0.808600000 – 0.834400000 – 0.782900000 – 0.791100000 – 0.784400000 — 40.814391710311 – 43.980024093018
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – – –