The currency pair Cardano/Tether (ADA/USDT) goes from the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance level at 0.820500000 is certain.
Caution: A possible reversal of the trend in the direction of support at 0.789800000 is also possible.
Consider stop-loss settings accordingly.
Next a ‘Northern Doji’ chart pattern is detected. The chart forms ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.900800000 |
| 2nd High | 0.855900000 |
| Next High | 0.820500000 |
| Current Price | 0.818200000 |
| Next Low | 0.789800000 |
| 2nd Low | 0.775900000 |
| 3rd Low | 0.741700000 |
0.820500000 – 0.806900000 – 0.801200000 – 0.789800000 – 0.775900000 – 0.741700000 — 58.130248184094 – 59.609944414824
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – – –