The pair Cardano/Tether (ADA/USDT) goes from the bullish trendline upwards
A continuation of the uptrend up to the next resistance level at 0.821200000 is likely expected.
Caution: A possible trend reversal in the direction of the support zone at 0.796400000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Besides a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which is often a bullish chart scenario. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.8212 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of resistance at 0.821200000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Besides a ‘Northern Doji’ candlestick chart pattern is discovered. The candles show ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘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 | 0.821200000 |
| Current Price | 0.811200000 |
| Next Low | 0.796400000 |
| 2nd Low | 0.789800000 |
| 3rd Low | 0.775900000 |
0.821200000 – 0.820500000 – 0.806900000 – 0.796400000 – 0.789800000 – 0.775900000 — 45.816500837503 – 52.110040099114
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – – –