The currency pair Cardano/Tether (ADA/USDT) breaks through the descending trendline up.
An ascending movement upwards to the next resistance at 0.739400000 is expected.
Caution: A possible reversal of the trend in the direction of the support zone at is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish signal. The currency pair could go up.
Then a ‘Northern Doji’ candle chart pattern is detected. The chart shows ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. 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 | 0.777400000 |
| 2nd High | 0.768300000 |
| Next High | 0.739400000 |
| Current Price | 0.724400000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.739400000 – 0.768300000 – 0.756200000 – 0.710500000 – 0.726700000 – 0.688400000
Trading Signals: FOREX – ADA – ADA/USDT – USDT – Northern Doji –