The currency pair Cardano/Tether (ADA/USDT) breaks through the bearish trendline upwards
A bullish trend up to the next resistance line at 0.892500000 will persist.
Caution: A possible reversal of the trend in the direction of the support level at is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart scenario. The currency pair is likely to rise.
There is also a ‘Northern Doji’ candlestick chart pattern is detected. 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 likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.968400000 |
| 2nd High | 0.959700000 |
| Next High | 0.892500000 |
| Current Price | 0.884800000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.892500000 – 0.864700000 – 0.959700000 – 0.837100000 – 0.842900000 – 0.895100000 — 54.690610292927 – 56.543979400629
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – – –