ADA/USDT – 1H – SELLThe combination Cardano/Tether (ADA/USDT) goes from the descending trendline downwards
A continuation of the bearish trend downwards to the next support line at 0.4562 is certain.
Caution: A possible change in the direction of the resistance line at 0.4997 should be noted.
Consider stop-loss settings accordingly.
Moreover a ‘Northern Doji’ candle pattern is discovered. The chart forms ‘Northern Doji’. this is a bullish signal. 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 | 0.5809 |
| 2nd High | 0.5093 |
| Next High | 0.4997 |
| Current Price | 0.464900000 |
| Next Low | 0.4562 |
| 2nd Low | 0.2737 |
| 3rd Low |
0.4997 – 0.5093 – 0.5809 – 0.4562 – 0.4735 – 0.4925 — 46.444772546317 – 41.886313415784 — 94.925998476439 – 80.327021438677 – 96.886091369502 – 90.558165211721
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – – –