ADA/USDT – 1H – BUY

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

The bullish trend upwards to the next resistance at 0.4273 is certain.

Caution: A possible trend reversal in the direction of the support level at 0.3815 is also possible.
Consider stop-loss settings accordingly.

And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart signal. The pair is likely to go up.

And also a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which is often a bullish chart scenario. The pair is likely to go up.

Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Target of the current trend is 0.4174988 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance level at 0.4273 is also possible.
Consider stop-loss settings accordingly.

And also a ‘Northern Doji’ candlestick chart pattern is detected. The chart forms ‘Northern Doji’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.4273 – 0.4036 – 0.3964 – 0.3815 – 0.3839 – 0.3856 — 42.901462864238 – 43.473119768433 — 52.401191109968 – 56.423738310382 – 38.735619568733 – 48.568477599005

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