ADA/USDT – 30M – BUY

The pair Cardano/Tether (ADA/USDT) breaks through the descending trendline upwards

An ascending movement up to the next resistance line at 0.845200000 is considered certain.

Caution: A possible counter-trend in the direction of the support level at 0.781800000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart signal. The currency pair is likely to rise.

Next a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. this is usually a bullish signal. The pair is likely to go up.

Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Current target is 0.8316324 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the resistance level at 0.845200000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Northern Doji’ candlestick pattern is found. The candles show ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. 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).

0.845200000 – 0.828900000 – 0.838000000 – 0.781800000 – 0.794400000 – 0.816800000 — 58.766774745508 – 60.819057813816

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