The combination Cardano/Tether (ADA/USDT) moves from the ascending trendline upwards
A continuation of the upward movement upwards to the next resistance at 0.909700000 is likely expected.
Caution: A possible change in the direction of the support line at 0.865800000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Northern Doji’ candle pattern is found. The candles show ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.987800000 |
| 2nd High | 0.964300000 |
| Next High | 0.909700000 |
| Current Price | 0.907400000 |
| Next Low | 0.865800000 |
| 2nd Low | 0.852500000 |
| 3rd Low | 0.823000000 |
0.909700000 – 0.898100000 – 0.896700000 – 0.865800000 – 0.852500000 – 0.855600000 — 63.38496798234 – 65.943417901138
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – – –