ADA/USDT – 1H – BUYThe combination Cardano/Tether (ADA/USDT) breaks through the bullish trendline upwards
A continuation of the uptrend up to the next resistance level at 0.879900000 is expected.
Caution: A possible reversal of the trend in the direction of the support level at 0.823000000 could occur.
Consider stop-loss settings accordingly.
In addition a ‘Northern Doji’ candle pattern is detected. The chart forms ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading 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 | 0.865400000 |
| Next Low | 0.823000000 |
| 2nd Low | 0.814300000 |
| 3rd Low | 0.802600000 |
0.850000000 – 0.843700000 – 0.840300000 – 0.823000000 – 0.814300000 – 0.802600000 — 78.436683665455 – 79.195753594757
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – – –