ADA/USDT – 1H – BUYNext a ‘Double top retreat up’ chart layout is detected. The chart forms ‘Double top retreat up’. this is a bullish pattern signal. The pair is likely to go up.
The combination Cardano/Tether (ADA/USDT) breaks through the descending trendline up.
The bullish trend up to the next resistance line at 0.789800000 is considered certain.
Caution: A possible reversal of the trend in the direction of the support line at 0.742000000 should be noted.
Consider stop-loss settings accordingly.
Next a ‘Northern Doji’ candlestick chart pattern is detected. The candles show ‘Northern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.855900000 |
| 2nd High | 0.809900000 |
| Next High | 0.789800000 |
| Current Price | 0.772600000 |
| Next Low | 0.742000000 |
| 2nd Low | 0.711400000 |
| 3rd Low | 0.710500000 |
0.789800000 – 0.809900000 – 0.855900000 – 0.769400000 – 0.779900000 – 0.814100000 — 43.034331439836 – 50.483439920772
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – Double top retreat up –