ADA/USDT – 1H – BUYThe currency pair Cardano/Tether (ADA/USDT) breaks through the descending trendline upwards
A bullish ascent upwards to the next resistance line at 0.964300000 will continue.
Caution: A possible counter-trend in the direction of support at is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive signal. The currency pair is likely to rise.
In addition a ‘Northern Doji’ candlestick pattern is discovered. The candles show ‘Northern Doji’. which is a positive pattern 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’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.019300000 |
| 2nd High | 0.987800000 |
| Next High | 0.964300000 |
| Current Price | 0.872300000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.964300000 – 0.921900000 – 0.942600000 – 0.826700000 – 0.888100000 – 0.891200000 — 56.21951031373 – 58.50788876449
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – – –