Buy ADA/USDT – 4H – BUY

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:

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