The pair Cardano/Tether (ADA/USDT) breaks through the descending trendline upwards
The bullish trend upwards to the next resistance level at 0.808600000 is expected.
Caution: A possible change in the direction of the support level at 0.784400000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart scenario. The pair is likely to go up.
There is also a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which could be a positive signal. The currency pair is likely to rise.
There is also a ‘Northern Doji’ candle pattern is existing. The chart shows ‘Northern Doji’. which is a bullish 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.855900000 |
| 2nd High | 0.834400000 |
| Next High | 0.808600000 |
| Current Price | 0.805000000 |
| Next Low | 0.784400000 |
| 2nd Low | 0.775900000 |
| 3rd Low | 0.741700000 |
0.808600000 – 0.834400000 – 0.821200000 – 0.784400000 – 0.800900000 – 0.796400000 — 50.148003650821 – 54.641801395816
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – – –