ADA/USDT – 1H – BUYThe currency pair Cardano/Tether (ADA/USDT) breaks through the descending trendline up.
The bullish trend upwards to the next resistance level at 0.879900000 is expected.
Caution: A possible change in the direction of the support line at 0.810000000 could be enabled.
Consider stop-loss settings accordingly.
In addition a ‘Northern Doji’ candlestick chart pattern is detected. The candles show ‘Northern Doji’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.987800000 |
| 2nd High | 0.964300000 |
| Next High | 0.879900000 |
| Current Price | 0.835900000 |
| Next Low | 0.810000000 |
| 2nd Low | 0.765800000 |
| 3rd Low | 0.734000000 |
0.879900000 – 0.878400000 – 0.964300000 – 0.810000000 – 0.844100000 – 0.853000000 — 52.51018788585 – 53.548430794676
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – – –