The pair Cardano/Tether (ADA/USDT) breaks through the bullish trendline upwards
A continuation of the upward movement up to the next resistance line at 0.937300000 is likely expected.
Caution: A possible reversal of the trend in the direction of the support line at 0.765800000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Northern Doji’ candle pattern is detected. The chart forms ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. 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 | |
| 2nd High | |
| Next High | 0.937300000 |
| Current Price | 0.904200000 |
| Next Low | 0.765800000 |
| 2nd Low | 0.734000000 |
| 3rd Low | 0.710700000 |
0.833800000 – 0.834400000 – 0.806900000 – 0.765800000 – 0.766200000 – 0.784400000 — 74.835800744334 – 75.407919351714
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – Triple bottom chart pattern – –