ADA/USDT – 4H – BUYThe currency pair Cardano/Tether (ADA/USDT) breaks through the bullish trendline upwards
A continuation of the uptrend up to the next resistance level at 0.768300000 is certain.
Caution: A possible trend reversal in the direction of the support level at 0.710500000 is also possible.
Consider stop-loss settings accordingly.
And also a ‘Northern Doji’ chart pattern is discovered. The chart forms ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going 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 | 0.878100000 |
| Next Low | 0.710500000 |
| 2nd Low | 0.562900000 |
| 3rd Low | 0.555000000 |
0.768300000 – 0.777400000 – 0.611900000 – 0.710500000 – 0.562900000 – 0.555000000
Trading Signals: FOREX – ADA – ADA/USDT – USDT – Northern Doji –