ADA/USDT – 1H – BUYMoreover a ‘Double bottom chart pattern’ chart layout is existing. The chart shows ‘Double bottom chart pattern’. this is a bullish signal. The pair is likely to go up.
The pair Cardano/Tether (ADA/USDT) breaks through the bearish trendline upwards
A bullish movement upwards to the next resistance level at 0.4036 is certain.
Caution: A possible counter-trend in the direction of the support level at 0.3815 could be enabled.
Consider stop-loss settings accordingly.
Moreover a ‘RSI cross above 70’ indicator layout is discovered. The indicator shows ‘RSI cross above 70’. this is usually a bullish 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 signal. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Target of the current trend is 0.3996068 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance level at 0.4036 could be enabled.
Consider stop-loss settings accordingly.
Moreover a ‘Northern Doji’ candle pattern is found. The chart shows ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.4228 |
| 2nd High | 0.4052 |
| Next High | 0.4036 |
| Current Price | 0.406200000 |
| Next Low | 0.3815 |
| 2nd Low | 0.3294 |
| 3rd Low | 0.2737 |
0.4036 – 0.3964 – 0.3925 – 0.3815 – 0.3839 – 0.3856 — 64.055178563797 – 72.575787170951 — 98.165212427628 – 100 – 91.343539190513 – 96.840541103772
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – Double bottom chart pattern – –