ADA/USDT – 4H – BUYThe pair Cardano/Tether (ADA/USDT) breaks through the bearish trendline upwards
A bullish ascent upwards to the next resistance at 0.723000000 will persist.
Caution: A possible change in the direction of support at 0.511000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Northern Doji’ candlestick chart pattern is discovered. The chart shows ‘Northern Doji’. which is a positive chart scenario. 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’ heading 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