ADA/USDT – 30M – BUYThe currency pair Cardano/Tether (ADA/USDT) breaks through the descending trendline upwards
An ascent upwards to the next resistance at 0.670800000 will continue.
Caution: A possible trend reversal in the direction of the support level at could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart signal. The pair is likely to go up.
Besides a ‘Northern Doji’ candle chart pattern is discovered. The candles form ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. 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 | 0.689900000 |
| 2nd High | 0.672300000 |
| Next High | 0.670800000 |
| Current Price | 0.669200000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.670800000 – 0.672300000 – 0.689900000 – 0.649400000 – 0.618600000 – 0.662000000
Trading Signals: FOREX – ADA – ADA/USDT – USDT – Northern Doji