ADA/USDT – 1H – BUYThe currency pair Cardano/Tether (ADA/USDT) breaks through the descending trendline upwards
The bullish trend up to the next resistance level at 0.4185 is expected.
Caution: A possible change in the direction of the support line at 0.3907 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘%K crosses above %D’ indicator signal is found. The indicator shows ‘%K crosses above %D’. which could be a positive signal. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is expected. Target of the current trend is 0.43495 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of resistance at 0.4185 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Northern Doji’ candlestick pattern is found. The candles form ‘Northern Doji’. which is a positive signal. 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 | 0.4735 |
| 2nd High | 0.471 |
| Next High | 0.4185 |
| Current Price | 0.416000000 |
| Next Low | 0.3907 |
| 2nd Low | 0.3876 |
| 3rd Low | 0.2737 |
0.4185 – 0.471 – 0.4735 – 0.3907 – 0.3876 – 0.4381 — 50.785816411015 – 57.297169977701 — 9.0996303055829 – 33.684309045814 – 25.737676953632 – 21.354693213581
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – – –