The pair Cardano/Tether (ADA/USDT) breaks through the bearish trendline upwards
A bullish movement upwards to the next resistance at 0.779200000 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 0.730100000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Current target is 0.793 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 0.779200000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Northern Doji’ chart pattern is detected. The candles show ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.809900000 |
| 2nd High | 0.789800000 |
| Next High | 0.779200000 |
| Current Price | 0.763400000 |
| Next Low | 0.730100000 |
| 2nd Low | 0.711400000 |
| 3rd Low | 0.710500000 |
0.779200000 – 0.789800000 – 0.809900000 – 0.730100000 – 0.752100000 – 0.769400000 — 47.004167795544 – 48.908227993097
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – –