The pair Cardano/Tether (ADA/USDT) breaks through the descending trendline upwards
The bullish trend upwards to the next resistance at 0.2938 is likely expected.
Caution: A possible trend reversal in the direction of support at 0.2536 is also possible.
Consider stop-loss settings accordingly.
Also there is a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which could be a positive chart signal. The currency pair is likely to rise.
Also there is a ‘Northern Doji’ candlestick chart pattern is existing. The candles form ‘Northern Doji’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.3647 |
| 2nd High | 0.305 |
| Next High | 0.2938 |
| Current Price | 0.290300000 |
| Next Low | 0.2536 |
| 2nd Low | 0.2504 |
| 3rd Low | 0.2205 |
0.2938 – 0.2899 – 0.305 – 0.2536 – 0.267 – 0.2504 —
0.303600000 – 0.289700000 —
74.667680961974 – 56.255892426908 —
– —
0.2938 – 1771603200
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – – –