ADA/USDT – 30M – BUYThe combination Cardano/Tether (ADA/USDT) breaks through the descending trendline up.
A bullish trend up to the next resistance line at 0.735000000 will persist.
Caution: A possible reversal of the trend in the direction of the support line at 0.688400000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Northern Doji’ candlestick pattern is detected. The candles show ‘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 chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.777400000 |
| 2nd High | 0.737100000 |
| Next High | 0.735000000 |
| Current Price | 0.712500000 |
| Next Low | 0.688400000 |
| 2nd Low | 0.572200000 |
| 3rd Low | 0.568700000 |
0.735000000 – 0.737100000 – 0.777400000 – 0.688400000 – 0.693300000 – 0.572200000
Trading Signals: FOREX – ADA – ADA/USDT – USDT – Northern Doji –