ADA/USDT – 1H – BUYThe currency pair Cardano/Tether (ADA/USDT) breaks through the bullish trendline up.
A continuation of the uptrend up to the next resistance line at 0.715800000 is considered certain.
Caution: A possible counter-trend in the direction of the support line at 0.656500000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Then a ‘Northern Doji’ candlestick pattern is discovered. The candles form ‘Northern Doji’. this is a bullish chart scenario. The currency 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 | 0.761400000 |
| 2nd High | 0.760100000 |
| Next High | 0.715800000 |
| Current Price | 0.707500000 |
| Next Low | 0.656500000 |
| 2nd Low | 0.651700000 |
| 3rd Low | 0.649400000 |
0.715800000 – 0.679600000 – 0.670800000 – 0.656500000 – 0.651700000 – 0.649400000
Trading Signals: FOREX – ADA – ADA/USDT – USDT – Northern Doji