ADA/USDT – 1H – BUYThe currency pair Cardano/Tether (ADA/USDT) moves from the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance line at 0.850000000 is considered certain.
Caution: A possible trend reversal in the direction of the support level at 0.802600000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Northern Doji’ chart pattern is found. The chart shows ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.964300000 |
| 2nd High | 0.879900000 |
| Next High | 0.850000000 |
| Current Price | 0.821400000 |
| Next Low | 0.802600000 |
| 2nd Low | 0.800300000 |
| 3rd Low | 0.781800000 |
0.850000000 – 0.843700000 – 0.840300000 – 0.802600000 – 0.826000000 – 0.800300000 — 42.898609384291 – 47.704604490622
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – – –