The pair Cardano/Tether (ADA/USDT) goes from the ascending trendline downwards
A descent downwards to the next support at 0.865800000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.928400000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Northern Doji’ candlestick chart pattern is detected. The candles show ‘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 | 0.968400000 |
| 2nd High | 0.964300000 |
| Next High | 0.928400000 |
| Current Price | 0.898500000 |
| Next Low | 0.865800000 |
| 2nd Low | 0.852500000 |
| 3rd Low | 0.823000000 |
0.898100000 – 0.894800000 – 0.896700000 – 0.865800000 – 0.872400000 – 0.852500000 — 67.521027449243 – 60.434960891882
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – – –