The pair Cardano/Tether (ADA/USDT) breaks through the descending trendline up.
A bullish movement upwards to the next resistance at 0.789300000 will persist.
Caution: A possible counter-trend in the direction of the support zone at 0.709900000 should be noted.
Consider stop-loss settings accordingly.
Besides a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which is often a bullish signal. The currency pair is likely to rise.
Besides a ‘Northern Doji’ chart pattern is discovered. The chart shows ‘Northern Doji’. which is a bullish chart scenario. The pair is likely to go up. 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 | 0.809900000 |
| 2nd High | 0.789800000 |
| Next High | 0.789300000 |
| Current Price | 0.735400000 |
| Next Low | 0.709900000 |
| 2nd Low | 0.688400000 |
| 3rd Low | 0.572200000 |
0.789300000 – 0.779200000 – 0.789800000 – 0.709900000 – 0.730100000 – 0.752100000 — 51.502249608015 – 53.203114313225
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – –