ADA/USDT – 1H – BUY

The combination Cardano/Tether (ADA/USDT) jumps from the descending trendline upwards

An ascent up to the next resistance line at 0.879900000 is likely expected.

Caution: A possible trend reversal in the direction of the support level at 0.765800000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Northern Doji’ candlestick chart pattern is existing. 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’ going up is 52% (Bull Market) & 51% (Bear Market).

0.879900000 – 0.878400000 – 0.964300000 – 0.844100000 – 0.853000000 – 0.826700000 — 45.147881288502 – 52.440777845803

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – – –