ADA/USDT – 1H – BUYThe combination Cardano/Tether (ADA/USDT) breaks through the descending trendline upwards
A bullish ascent up to the next resistance line at 0.843700000 is certain.
Caution: A possible counter-trend in the direction of the support line at 0.800300000 should always be considered.
Consider stop-loss settings accordingly.
Moreover a ‘Northern Doji’ candlestick chart pattern is discovered. The chart forms ‘Northern Doji’. this is a bullish chart scenario. 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’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.879900000 |
| 2nd High | 0.845200000 |
| Next High | 0.843700000 |
| Current Price | 0.817900000 |
| Next Low | 0.800300000 |
| 2nd Low | 0.781800000 |
| 3rd Low | 0.765800000 |
0.843700000 – 0.840300000 – 0.845200000 – 0.826000000 – 0.800300000 – 0.781800000 — 51.607085259974 – 52.220530334718
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – – –