ADA/USDT – 1H – BUY

The pair Cardano/Tether (ADA/USDT) breaks through the descending trendline upwards

An ascent upwards to the next resistance at 0.850000000 will persist.

Caution: A possible trend reversal in the direction of the support line at 0.814300000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart signal. The currency pair could go up.

Moreover a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which could be a positive chart signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Target of the current trend is 0.8382708 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance level at 0.850000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Northern Doji’ candle pattern is found. The candles show ‘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 success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.850000000 – 0.843700000 – 0.840300000 – 0.814300000 – 0.802600000 – 0.826000000 — 54.201015173058 – 56.756481161762

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – – –