ADA/USDT – 1H – BUYThe currency pair Cardano/Tether (ADA/USDT) breaks through the descending trendline up.
The bullish trend up to the next resistance level at 0.756200000 is considered certain.
Caution: A possible reversal of the trend in the direction of the support zone at 0.688400000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Northern Doji’ candle pattern is discovered. The chart forms ‘Northern Doji’. which is a bullish pattern signal. The currency 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 | 0.841400000 |
| 2nd High | 0.777400000 |
| Next High | 0.756200000 |
| Current Price | 0.753800000 |
| Next Low | 0.688400000 |
| 2nd Low | 0.572200000 |
| 3rd Low | 0.562900000 |
0.756200000 – 0.777400000 – 0.594700000 – 0.688400000 – 0.693300000 – 0.572200000
Trading Signals: FOREX – ADA – ADA/USDT – USDT – Northern Doji –