ADA/USDT – 30M – BUYThe pair Cardano/Tether (ADA/USDT) breaks through the descending trendline upwards
The bullish trend upwards to the next resistance line at 0.672300000 is expected.
Caution: A possible trend reversal in the direction of the support level at 0.649400000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Northern Doji’ candlestick chart pattern is existing. The chart forms ‘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 success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.701800000 |
| 2nd High | 0.689900000 |
| Next High | 0.672300000 |
| Current Price | 0.669100000 |
| Next Low | 0.649400000 |
| 2nd Low | 0.618600000 |
| 3rd Low | 0.585700000 |
0.672300000 – 0.689900000 – 0.701800000 – 0.649400000 – 0.618600000 – 0.662000000
Trading Signals: FOREX – ADA – ADA/USDT – USDT – Northern Doji