ADA/USDT – 30M – BUYThe combination Cardano/Tether (ADA/USDT) breaks through the bullish trendline up.
A continuation of the uptrend upwards to the next resistance level at 0.768300000 is expected.
Caution: A possible change in the direction of the support level at 0.711400000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Furthermore a ‘Northern Doji’ candlestick chart pattern is discovered. The candles show ‘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 success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.841400000 |
| 2nd High | 0.777400000 |
| Next High | 0.768300000 |
| Current Price | 0.769500000 |
| Next Low | 0.711400000 |
| 2nd Low | 0.710500000 |
| 3rd Low | 0.688400000 |
0.750900000 – 0.739400000 – 0.768300000 – 0.711400000 – 0.710500000 – 0.726700000
Trading Signals: FOREX – ADA – ADA/USDT – USDT – Northern Doji –