ADA/USDT – 30M – SELLThe currency pair Cardano/Tether (ADA/USDT) jumps from the descending trendline down.
A continuation of the bearish trend down to the next support line at 0.555400000 is certain.
Caution: A possible change in the direction of the resistance level at 0.568700000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Northern Doji’ candlestick pattern is found. The candles show ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.581900000 |
| 2nd High | 0.568800000 |
| Next High | 0.568700000 |
| Current Price | 0.563500000 |
| Next Low | 0.555400000 |
| 2nd Low | 0.545000000 |
| 3rd Low | 0.510000000 |
0.568700000 – 0.568800000 – 0.564500000 – 0.555400000 – 0.545000000 – 0.548800000
Trading Signals: FOREX – ADA – ADA/USDT – USDT – Northern Doji –