The currency pair Cardano/Tether (ADA/USDT) breaks through the bullish trendline upwards
A continuation of the uptrend up to the next resistance level at 0.864300000 is certain.
Caution: A possible counter-trend in the direction of the support level at 0.785400000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which could be a positive chart scenario. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is certain. Target of the current trend is 0.8254 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of resistance at 0.864300000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Northern Doji’ candlestick chart pattern is discovered. The chart forms ‘Northern Doji’. which is a bullish signal. The 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 | |
| 2nd High | |
| Next High | 0.864300000 |
| Current Price | 0.856100000 |
| Next Low | 0.785400000 |
| 2nd Low | 0.742000000 |
| 3rd Low | 0.711400000 |
0.825400000 – 0.784900000 – 0.750900000 – 0.785400000 – 0.742000000 – 0.711400000
Trading Signals: FOREX – ADA – ADA/USDT – USDT – Northern Doji –