ADA/USDT – 30M – SELLThe combination Cardano/Tether (ADA/USDT) jumps from the descending trendline downwards
A continuation of the downward movement downwards to the next support at 0.554700000 will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 0.611700000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Northern Doji’ 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’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.628000000 |
| 2nd High | 0.621700000 |
| Next High | 0.611700000 |
| Current Price | 0.573500000 |
| Next Low | 0.554700000 |
| 2nd Low | 0.536600000 |
| 3rd Low | 0.511000000 |
0.611700000 – 0.621700000 – 0.628000000 – 0.581200000 – 0.588000000 – 0.599800000
Trading Signals: FOREX – ADA – ADA/USDT – USDT – Northern Doji