The currency pair Cardano/Tether (ADA/USDT) breaks through the descending trendline up.
An ascending movement upwards to the next resistance level at 0.838700000 is certain.
Caution: A possible counter-trend in the direction of the support line at 0.817400000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish signal. The currency pair could go up.
Besides a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which could be a positive chart scenario. The currency pair could go up.
Besides a ‘Northern Doji’ candlestick pattern is discovered. The candles form ‘Northern Doji’. which 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 probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.937300000 |
| 2nd High | 0.900800000 |
| Next High | 0.838700000 |
| Current Price | 0.833100000 |
| Next Low | 0.817400000 |
| 2nd Low | 0.817200000 |
| 3rd Low | 0.774700000 |
0.838700000 – 0.827800000 – 0.818700000 – 0.817400000 – 0.817200000 – 0.774700000 — 55.634127901178 – 61.02703351715
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – –