The currency pair Cardano/Tether (ADA/USDT) breaks through the descending trendline up.
An ascent upwards to the next resistance at 0.723000000 is expected.
Caution: A possible reversal of the trend in the direction of support at 0.511000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Then a ‘Northern Doji’ candlestick chart pattern is detected. The chart forms ‘Northern Doji’. which is a bullish signal. The currency pair is likely to go up. 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 | 0.841400000 |
2nd High | 0.777100000 |
Next High | 0.723000000 |
Current Price | 0.544500000 |
Next Low | 0.511000000 |
2nd Low | |
3rd Low |
0.723000000 – 0.707200000 – 0.777100000 – 0.618600000 – 0.654100000 – 0.727700000
Trading Signals: FOREX – ADA – ADA/USDT – USDT – Northern Doji