The currency pair Cardano/Tether (ADA/USDT) moves from the ascending trendline up.
A continuation of the bullish trend up to the next resistance level at 0.840300000 will continue.
Caution: A possible trend reversal in the direction of support at 0.826000000 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.8452 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the resistance level at 0.840300000 is also possible.
Consider stop-loss settings accordingly.
Then a ‘Northern Doji’ candle chart pattern is existing. The chart forms ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.848600000 |
| 2nd High | 0.845200000 |
| Next High | 0.840300000 |
| Current Price | 0.833800000 |
| Next Low | 0.826000000 |
| 2nd Low | 0.800300000 |
| 3rd Low | 0.781800000 |
0.840300000 – 0.828100000 – 0.845200000 – 0.826000000 – 0.800300000 – 0.781800000 — 51.394343965476 – 53.456885809093
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – – –