The pair Cardano/Tether (ADA/USDT) jumps from the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance at 0.833800000 is considered certain.
Caution: A possible trend reversal in the direction of support at 0.766200000 should be noted.
Consider stop-loss settings accordingly.
Furthermore a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. this is usually a bullish signal. The pair is likely to go up.
Furthermore a ‘Northern Doji’ candlestick chart pattern is found. The candles form ‘Northern Doji’. which is a positive chart scenario. 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 | 0.855900000 |
| 2nd High | 0.834400000 |
| Next High | 0.833800000 |
| Current Price | 0.792300000 |
| Next Low | 0.766200000 |
| 2nd Low | 0.734000000 |
| 3rd Low | 0.710700000 |
0.833800000 – 0.834400000 – 0.806900000 – 0.766200000 – 0.784400000 – 0.775900000 — 41.371264503109 – 54.739015917677
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – – –