The combination Cardano/Tether (ADA/USDT) breaks through the descending trendline up.
A bullish trend upwards to the next resistance line at 0.276300000 is likely expected.
Caution: A possible trend reversal in the direction of the support level at 0.2686 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Northern Doji’ chart pattern is existing. The candles form ‘Northern Doji’. this is a bullish chart scenario. The 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 | 0.2843 |
| 2nd High | 0.2786 |
| Next High | 0.276300000 |
| Current Price | 0.275000000 |
| Next Low | 0.2686 |
| 2nd Low | 0.2205 |
| 3rd Low |
0.276300000 – 0.2786 – 0.2843 – 0.2686 – 0.2712 – 0.2708 —
0.276300000 – 0.275000000 —
65.633377928361 – 57.101166278464 —
0.276300000 – 1770539400 —
– 1770539400
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – – –