ADA/USDT – 1H – BUYThe currency pair Cardano/Tether (ADA/USDT) goes from the descending trendline up.
The bullish trend upwards to the next resistance at 0.959700000 will persist.
Caution: A possible counter-trend in the direction of support at 0.765800000 should be noted.
Consider stop-loss settings accordingly.
And also a ‘Northern Doji’ candlestick pattern is found. The candles form ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.019300000 |
| 2nd High | 0.987800000 |
| Next High | 0.959700000 |
| Current Price | 0.875700000 |
| Next Low | 0.765800000 |
| 2nd Low | 0.734000000 |
| 3rd Low | 0.710700000 |
0.959700000 – 0.987800000 – 0.977700000 – 0.895100000 – 0.887700000 – 0.904500000 — 52.169643324209 – 54.150885630307
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – – –