ADA/USDT – 30M – BUYThe pair Cardano/Tether (ADA/USDT) breaks through the descending trendline up.
A bullish ascent upwards to the next resistance at 0.789800000 is likely expected.
Caution: A possible reversal of the trend in the direction of the support line at 0.769400000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Northern Doji’ candlestick pattern is existing. The chart forms ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading 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 | 0.785500000 |
| Next Low | 0.769400000 |
| 2nd Low | 0.742000000 |
| 3rd Low | 0.711400000 |
0.789800000 – 0.809900000 – 0.855900000 – 0.769400000 – 0.779900000 – 0.824100000 — 51.96469070259 – 52.908686591272
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – –