ADA/USDT – 30M – SELLThe currency pair Cardano/Tether (ADA/USDT) jumps from the descending trendline downwards
A continuation of the downward movement downwards to the next support at 0.656500000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 0.679100000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Northern Doji’ candlestick chart pattern is discovered. The chart forms ‘Northern Doji’. which is a bullish signal. The currency 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 | 0.689900000 |
| 2nd High | 0.679600000 |
| Next High | 0.679100000 |
| Current Price | 0.671700000 |
| Next Low | 0.656500000 |
| 2nd Low | 0.651700000 |
| 3rd Low | 0.649400000 |
0.679100000 – 0.679600000 – 0.666100000 – 0.656500000 – 0.651700000 – 0.655700000
Trading Signals: FOREX – ADA – ADA/USDT – USDT – Northern Doji