The pair Cardano/Tether (ADA/USDT) breaks through the bearish trendline upwards
An ascending movement upwards to the next resistance at 0.828100000 will persist.
Caution: A possible change in the direction of the support level at 0.800300000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. this is usually a bullish signal. The currency pair could go up.
Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend will persist. Target of the current trend is 0.8452 at the Fibonacci level 1-Level. Caution: A possible change in the direction of resistance at 0.828100000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Northern Doji’ candlestick chart pattern is discovered. The chart forms ‘Northern Doji’. which is a positive 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 | 0.848600000 |
| 2nd High | 0.845200000 |
| Next High | 0.828100000 |
| Current Price | 0.838900000 |
| Next Low | 0.800300000 |
| 2nd Low | 0.781800000 |
| 3rd Low | 0.765800000 |
0.828100000 – 0.845200000 – 0.828900000 – 0.800300000 – 0.781800000 – 0.794400000 — 61.394173344915 – 62.671622373945
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – – –