The pair Cardano/Tether (ADA/USDT) breaks through the bearish trendline up.
A bullish movement up to the next resistance level at 0.248500000 is certain.
Caution: A possible trend reversal in the direction of support at 0.243 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Northern Doji’ candlestick pattern is detected. The chart forms ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. 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 | 0.2561 |
| 2nd High | 0.2487 |
| Next High | 0.248500000 |
| Current Price | 0.247500000 |
| Next Low | 0.243 |
| 2nd Low | 0.2408 |
| 3rd Low | 0.2381 |
0.248500000 – 0.2487 – 0.2561 – 0.243 – 0.2463 – 0.2507 —
0.248500000 – 0.247600000 —
59.273183524102 – 50.026796501156 —
0.248500000 – 1777332600 —
– 1777332600
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – – –