ADA/USDT – 30M – SELLThe currency pair Cardano/Tether (ADA/USDT) moves from the descending trendline downwards
A continuation of the downtrend down to the next support at 0.554700000 is considered certain.
Caution: A possible trend reversal in the direction of resistance at 0.611700000 should always be considered.
Consider stop-loss settings accordingly.
Moreover a ‘Northern Doji’ candle pattern is found. The chart forms ‘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 success rate of a ‘Northern Doji’ going 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 | 0.582000000 |
| Next Low | 0.554700000 |
| 2nd Low | 0.536600000 |
| 3rd Low | 0.511000000 |
0.611700000 – 0.621700000 – 0.628000000 – 0.588000000 – 0.599800000 – 0.613100000
Trading Signals: FOREX – ADA – ADA/USDT – USDT – Northern Doji