ADA/USDT – 1H – BUY

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

The bullish trend up to the next resistance line at 0.768300000 is likely expected.

Caution: A possible trend reversal in the direction of the support level at 0.711400000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which could be a positive chart scenario. The pair is likely to go up.

Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.7774 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the resistance zone at 0.768300000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Northern Doji’ chart pattern is found. The chart forms ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.768300000 – 0.756200000 – 0.777400000 – 0.711400000 – 0.710500000 – 0.726700000

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