ADA/USDT – 1H – BUYThe combination Cardano/Tether (ADA/USDT) breaks through the bearish trendline up.
An ascent up to the next resistance at 0.925600000 is likely expected.
Caution: A possible counter-trend in the direction of support at 0.860800000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Northern Doji’ candlestick 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 success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.964300000 |
| 2nd High | 0.954000000 |
| Next High | 0.925600000 |
| Current Price | 0.934700000 |
| Next Low | 0.860800000 |
| 2nd Low | 0.853000000 |
| 3rd Low | 0.852400000 |
0.925600000 – 0.887200000 – 0.902500000 – 0.860800000 – 0.853000000 – 0.852400000 — 58.351189203918 – 64.879128388893
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – – –