ADA/USDT – 1H – BUYThe pair Cardano/Tether (ADA/USDT) goes from the bearish trendline upwards
An ascent upwards to the next resistance at 0.611700000 is expected.
Caution: A possible reversal of the trend in the direction of the support level at 0.536600000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Northern Doji’ candle chart pattern is existing. The candles show ‘Northern Doji’. which is a positive signal. The 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 | 0.645000000 |
| 2nd High | 0.642600000 |
| Next High | 0.611700000 |
| Current Price | 0.555500000 |
| Next Low | 0.536600000 |
| 2nd Low | 0.511000000 |
| 3rd Low |
0.611700000 – 0.642600000 – 0.645000000 – 0.588000000 – 0.599800000 – 0.613100000
Trading Signals: FOREX – ADA – ADA/USDT – USDT – Northern Doji