The pair Cardano/Tether (ADA/USDT) breaks through the descending trendline upwards
A bullish movement up to the next resistance line at 0.878400000 will continue.
Caution: A possible trend reversal in the direction of the support level at 0.853000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart signal. The pair is likely to go up.
And also a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which could be a positive signal. The currency pair could go up.
And also a ‘Northern Doji’ candle pattern is found. The chart forms ‘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 success rate of a ‘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 | 0.878400000 |
| Current Price | 0.871100000 |
| Next Low | 0.853000000 |
| 2nd Low | 0.831900000 |
| 3rd Low | 0.826700000 |
0.878400000 – 0.876400000 – 0.874800000 – 0.853000000 – 0.856900000 – 0.831900000 — 53.031016887077 – 63.02580913908
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – – –