ADA/USDT – 1H – SELLThe currency pair Cardano/Tether (ADA/USDT) goes from the bearish trendline down.
A continuation of the downward movement downwards to the next support level at 0.688400000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 0.768300000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Northern Doji’ candle chart pattern is existing. The chart forms ‘Northern Doji’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability 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 | 0.768300000 |
| Current Price | 0.727300000 |
| Next Low | 0.688400000 |
| 2nd Low | 0.572200000 |
| 3rd Low | 0.562900000 |
0.768300000 – 0.756200000 – 0.777400000 – 0.726700000 – 0.688400000 – 0.693300000
Trading Signals: FOREX – ADA – ADA/USDT – USDT – Northern Doji –