ADA/USDT – 30M – BUY

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

The bullish trend upwards to the next resistance at 0.887200000 will persist.

Caution: A possible trend reversal in the direction of support at 0.866800000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive signal. The pair is likely to go up.

In addition a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which could be a positive chart signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Target of the current trend is 0.8791288 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance level at 0.887200000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Northern Doji’ candle pattern is discovered. The candles form ‘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’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.887200000 – 0.884100000 – 0.866100000 – 0.866800000 – 0.856600000 – 0.853000000 — 56.413091544628 – 59.01147913618

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