The currency pair Cardano/Tether (ADA/USDT) breaks through the bearish trendline upwards
A bullish ascent upwards to the next resistance level at 0.977700000 is considered certain.
Caution: A possible counter-trend in the direction of the support level at 0.910700000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart scenario. The currency pair is likely to rise.
And also a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which could be a positive chart signal. The pair is likely to go up.
And also a ‘Northern Doji’ chart pattern is detected. The chart shows ‘Northern Doji’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.019300000 |
| Next High | 0.977700000 |
| Current Price | 0.913800000 |
| Next Low | 0.910700000 |
| 2nd Low | 0.878100000 |
| 3rd Low | 0.861600000 |
0.977700000 – 0.964300000 – 0.945100000 – 0.910700000 – 0.878100000 – 0.885300000 — 39.635658627623 – 40.511805638404
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – – –