The pair Cardano/Tether (ADA/USDT) breaks through the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance at 0.568800000 is certain.
Caution: A possible trend reversal in the direction of the support zone at 0.555400000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which could be a positive chart signal. The pair is likely to go up.
In addition a ‘Northern Doji’ candle chart pattern is detected. The candles show ‘Northern Doji’. which is a bullish chart scenario. The 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 | 0.585600000 |
2nd High | 0.581900000 |
Next High | 0.568800000 |
Current Price | 0.566800000 |
Next Low | 0.555400000 |
2nd Low | 0.545000000 |
3rd Low | 0.510000000 |
0.568800000 – 0.564500000 – 0.563300000 – 0.555400000 – 0.545000000 – 0.548800000
Trading Signals: FOREX – ADA – ADA/USDT – USDT – Northern Doji –