ADA/USDT – 1H – BUYThe pair Cardano/Tether (ADA/USDT) breaks through the descending trendline up.
A bullish trend up to the next resistance at 0.844400000 will persist.
Caution: A possible reversal of the trend in the direction of the support zone at 0.805400000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Northern Doji’ candlestick pattern is existing. The candles show ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. 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 | 0.964300000 |
| 2nd High | 0.879900000 |
| Next High | 0.844400000 |
| Current Price | 0.820400000 |
| Next Low | 0.805400000 |
| 2nd Low | 0.765800000 |
| 3rd Low | 0.734000000 |
0.844400000 – 0.879900000 – 0.878400000 – 0.805400000 – 0.810000000 – 0.844100000 — 44.388142243908 – 45.441245447843
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – – –