ADA/USDT – 1H – BUYThe currency pair Cardano/Tether (ADA/USDT) breaks through the bullish trendline upwards
A continuation of the uptrend up to the next resistance at 0.833800000 will persist.
Caution: A possible reversal of the trend in the direction of the support level at 0.765800000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Northern Doji’ chart pattern is found. 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 success rate of a ‘Northern Doji’ heading 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 | 0.859200000 |
| Next Low | 0.765800000 |
| 2nd Low | 0.734000000 |
| 3rd Low | 0.710700000 |
0.833800000 – 0.834400000 – 0.806900000 – 0.765800000 – 0.766200000 – 0.784400000 — 62.059725416389 – 67.648003210533
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – Triple bottom chart pattern – –