The pair Cardano/Tether (ADA/USDT) breaks through the descending trendline up.
An ascending movement up to the next resistance at 0.756200000 will persist.
Caution: A possible reversal of the trend in the direction of the support line at 0.688400000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which could be a positive signal. The currency pair could go up.
And also a ‘Northern Doji’ candlestick chart pattern is existing. The chart shows ‘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 likelyhood 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 | 0.744500000 |
| Next Low | 0.688400000 |
| 2nd Low | 0.572200000 |
| 3rd Low | 0.568700000 |
0.756200000 – 0.748600000 – 0.735000000 – 0.688400000 – 0.693300000 – 0.572200000
Trading Signals: FOREX – ADA – ADA/USDT – USDT – Northern Doji –