The currency pair Cardano/Tether (ADA/USDT) breaks through the descending trendline upwards
A bullish ascent upwards to the next resistance level at 0.876400000 is certain.
Caution: A possible trend reversal in the direction of support at 0.831900000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart signal. The currency pair is likely to rise.
Besides a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which is often a bullish signal. The currency pair is likely to rise.
Besides a ‘Northern Doji’ candlestick chart pattern is existing. The candles form ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.928400000 |
| 2nd High | 0.879800000 |
| Next High | 0.876400000 |
| Current Price | 0.865500000 |
| Next Low | 0.831900000 |
| 2nd Low | 0.826700000 |
| 3rd Low | 0.821800000 |
0.876400000 – 0.874800000 – 0.879800000 – 0.856900000 – 0.831900000 – 0.826700000 — 49.842345047814 – 54.171038858147
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – – –