ADA/USDT – 1H – BUY

The pair Cardano/Tether (ADA/USDT) breaks through the descending trendline up.

A bullish ascent upwards to the next resistance at 0.563300000 will persist.

Caution: A possible counter-trend in the direction of the support level at 0.545000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Current target is 0.5899362 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the resistance level at 0.563300000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Northern Doji’ chart pattern is discovered. The chart forms ‘Northern Doji’. which is a bullish 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).

0.563300000 – 0.581900000 – 0.588400000 – 0.545000000 – 0.548800000 – 0.563100000

Trading Signals: FOREX – ADA – ADA/USDT – USDT – Northern Doji –