ADA/USDT – 30M – BUY

The currency pair Cardano/Tether (ADA/USDT) breaks through the descending trendline up.

The bullish trend up to the next resistance line at 0.739400000 is expected.

Caution: A possible reversal of the trend in the direction of the support line at 0.710500000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive signal. The currency pair is likely to rise.

Then a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. this is usually a bullish chart signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Current target is 0.7494436 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 0.739400000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Northern Doji’ candle chart pattern is found. The chart forms ‘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 success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.739400000 – 0.768300000 – 0.756200000 – 0.710500000 – 0.726700000 – 0.688400000

Trading Signals: FOREX – ADA – ADA/USDT – USDT – Northern Doji –