ADA/USDT – 1H – BUYThe pair Cardano/Tether (ADA/USDT) breaks through the descending trendline up.
An ascending movement upwards to the next resistance line at 0.4286 is expected.
Caution: A possible trend reversal in the direction of the support level at 0.4046 could occur.
Consider stop-loss settings accordingly.
Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive chart signal. The currency pair is likely to rise.
Moreover a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which could be a positive chart signal. The currency pair is likely to rise.
Moreover a ‘Northern Doji’ candle pattern is found. The candles form ‘Northern Doji’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.471 |
| 2nd High | 0.4342 |
| Next High | 0.4286 |
| Current Price | 0.435100000 |
| Next Low | 0.4046 |
| 2nd Low | 0.402 |
| 3rd Low | 0.3907 |
0.4286 – 0.4342 – 0.4218 – 0.4046 – 0.402 – 0.404 — 64.043434903525 – 67.443300489578 — 55.347734937563 – 87.266429678243 – 29.044177588813 – 54.876188740012
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – – –