ADA/USDT – 30M – BUYThe pair Cardano/Tether (ADA/USDT) breaks through the bearish trendline upwards
A bullish trend up to the next resistance line at 0.777400000 will continue.
Caution: A possible counter-trend in the direction of the support line at 0.688400000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Northern Doji’ candle chart pattern is discovered. The candles form ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.864300000 |
| 2nd High | 0.841400000 |
| Next High | 0.777400000 |
| Current Price | 0.746800000 |
| Next Low | 0.688400000 |
| 2nd Low | 0.572200000 |
| 3rd Low | 0.568700000 |
0.748600000 – 0.735000000 – 0.737100000 – 0.688400000 – 0.693300000 – 0.572200000
Trading Signals: FOREX – ADA – ADA/USDT – USDT – Northern Doji –