ADA/USDT – 1H – BUY

The pair Cardano/Tether (ADA/USDT) breaks through the descending trendline upwards

An ascent upwards to the next resistance level at 0.3964 is certain.

Caution: A possible counter-trend in the direction of the support level at 0.3856 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive chart scenario. The pair is likely to go up.

Moreover a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which is often a bullish signal. The currency pair could go up.

Moreover a ‘Northern Doji’ candle chart pattern is detected. The chart forms ‘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 probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.3964 – 0.3925 – 0.4052 – 0.3856 – 0.3846 – 0.3874 — 56.326442964936 – 66.203421701633 — 41.861619790298 – 65.053009725751 – 27.668118257882 – 42.889687198808

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – – –