ADA/USDT – 1H – BUYThe currency pair Cardano/Tether (ADA/USDT) breaks through the descending trendline up.
A bullish movement upwards to the next resistance line at 0.789800000 is considered certain.
Caution: A possible counter-trend in the direction of the support level at 0.742000000 is also possible.
Consider stop-loss settings accordingly.
Also there is a ‘Northern Doji’ candlestick pattern is discovered. The candles show ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.855900000 |
| 2nd High | 0.809900000 |
| Next High | 0.789800000 |
| Current Price | 0.762200000 |
| Next Low | 0.742000000 |
| 2nd Low | 0.711400000 |
| 3rd Low | 0.710500000 |
0.789800000 – 0.809900000 – 0.855900000 – 0.769400000 – 0.779900000 – 0.814100000 — 32.477546098747 – 34.090664520494
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – –