The currency pair Cardano/Tether (ADA/USDT) moves from the bullish trendline upwards
A continuation of the bullish trend up to the next resistance at 0.938600000 is expected.
Caution: A possible reversal of the trend in the direction of the support level at could happen.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish signal. The currency pair is likely to rise.
Additionally a ‘Northern Doji’ candle pattern is detected. The candles form ‘Northern Doji’. which is a bullish signal. The currency 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 | 0.964300000 |
| 2nd High | 0.954000000 |
| Next High | 0.938600000 |
| Current Price | 0.889400000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.938600000 – 0.954000000 – 0.850000000 – 0.852400000 – 0.802600000 – 0.781800000 — 44.941492122433 – 47.012807875473
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – Double top retreat up – –