ADA/USDT – 30M – BUY

The pair Cardano/Tether (ADA/USDT) breaks through the descending trendline up.

A bullish trend up to the next resistance level at 0.876400000 is considered certain.

Caution: A possible reversal of the trend in the direction of the support line at 0.853000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover 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 scenario. The currency pair could go up.

Moreover a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. this is usually a bullish chart signal. The currency pair is likely to rise.

Moreover a ‘Northern Doji’ candle pattern is found. The candles show ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.876400000 – 0.874800000 – 0.879800000 – 0.853000000 – 0.856900000 – 0.831900000 — 50.068080442871 – 59.48518767723

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – – –