ADA/USDT – 30M – BUYAnd also a ‘Falling Wedge Chart Pattern’ chart pattern is found. The chart forms ‘Falling Wedge Chart Pattern’. which is a positive chart scenario. The currency pair is likely to rise.
The pair Cardano/Tether (ADA/USDT) breaks through the bearish trendline up.
A bullish movement up to the next resistance line at 0.642800000 will continue.
Caution: A possible counter-trend in the direction of support at 0.627700000 should always be considered.
Consider stop-loss settings accordingly.
And also a ‘Northern Doji’ candlestick pattern is detected. The candles form ‘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 chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.723000000 |
| 2nd High | 0.645000000 |
| Next High | 0.642800000 |
| Current Price | 0.638600000 |
| Next Low | 0.627700000 |
| 2nd Low | 0.623500000 |
| 3rd Low | 0.618600000 |
0.642800000 – 0.645000000 – 0.723000000 – 0.627700000 – 0.623500000 – 0.685900000
Trading Signals: FOREX – ADA – ADA/USDT – USDT – Northern Doji