ADA/USDT – 30M – BUYThe pair Cardano/Tether (ADA/USDT) breaks through the descending trendline upwards
A bullish movement upwards to the next resistance line at 0.585700000 is likely expected.
Caution: A possible change in the direction of the support zone at 0.555000000 should be noted.
Consider stop-loss settings accordingly.
Additionally a ‘Northern Doji’ candlestick chart pattern is detected. The chart shows ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. 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 | 0.611700000 |
| 2nd High | 0.588400000 |
| Next High | 0.585700000 |
| Current Price | 0.564100000 |
| Next Low | 0.555000000 |
| 2nd Low | 0.545000000 |
| 3rd Low | 0.510000000 |
0.585700000 – 0.566600000 – 0.568700000 – 0.555000000 – 0.559000000 – 0.555400000
Trading Signals: FOREX – ADA – ADA/USDT – USDT – Northern Doji –