ADA/USDT – 1H – BUYThe combination Cardano/Tether (ADA/USDT) breaks through the ascending trendline up.
A continuation of the uptrend upwards to the next resistance at 0.715800000 is likely expected.
Caution: A possible change in the direction of the support level at 0.656500000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which could be a positive chart scenario. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Current target is 0.7158 at the Fibonacci level 0-Level. Caution: A possible change in the direction of resistance at 0.715800000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Northern Doji’ candle chart pattern is existing. 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 probability 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 | 0.712000000 |
| 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