The currency pair Cardano/Tether (ADA/USDT) breaks through the bearish trendline upwards
An ascending movement up to the next resistance line at 0.964300000 is expected.
Caution: A possible reversal of the trend in the direction of the support level at could happen.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart signal. The currency pair is likely to rise.
Next a ‘Northern Doji’ candlestick chart pattern is detected. The chart forms ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. 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 | |
| 2nd High | 1.019300000 |
| Next High | 0.964300000 |
| Current Price | 0.959300000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.964300000 – 0.945100000 – 1.019300000 – 0.910700000 – 0.878100000 – 0.885300000 — 54.9179891363 – 62.86023368333
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – – –