ADA/USDT – 1H – BUY

The pair Cardano/Tether (ADA/USDT) breaks through the bearish trendline up.

A bullish movement upwards to the next resistance line at 0.293600000 is considered certain.

Caution: A possible change in the direction of the support level at 0.2685 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 0.3166 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance level at 0.293600000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Northern Doji’ candle pattern is detected. The chart shows ‘Northern Doji’. this is a bullish 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’ going up is 52% (Bull Market) & 51% (Bear Market).

0.293600000 – 0.2992 – 0.3319 – 0.2685 – 0.3161 – 0.318 —
0.293600000 – 0.289900000 —
47.138139096219 – 49.265717819559 —
0.293600000 – 1769994000 —
– 1769994000

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