The pair Cardano/Tether (ADA/USDT) breaks through the bearish trendline up.
A bullish movement up to the next resistance line at 0.855900000 is certain.
Caution: A possible reversal of the trend in the direction of the support line at 0.824100000 could happen.
Consider stop-loss settings accordingly.
Also there is a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. this is usually a bullish signal. The currency pair could go up.
Also there is a ‘Northern Doji’ candlestick pattern is found. The candles form ‘Northern Doji’. which is a positive signal. The currency pair is likely to go up. 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 | 0.937300000 |
| 2nd High | 0.900800000 |
| Next High | 0.855900000 |
| Current Price | 0.831300000 |
| Next Low | 0.824100000 |
| 2nd Low | 0.814600000 |
| 3rd Low | 0.814100000 |
0.855900000 – 0.833700000 – 0.839400000 – 0.824100000 – 0.814600000 – 0.814100000 — 44.600221446749 – 45.994829269883
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – –