ADA/USDT – 1H – BUYThe combination Cardano/Tether (ADA/USDT) moves from the bearish trendline up.
An ascent upwards to the next resistance level at 0.471 is expected.
Caution: A possible reversal of the trend in the direction of the support zone at 0.2737 is also possible.
Consider stop-loss settings accordingly.
Furthermore a ‘Northern Doji’ candle pattern is existing. The chart shows ‘Northern Doji’. which is a positive signal. The currency pair is likely to rise. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.4823 |
| 2nd High | 0.4735 |
| Next High | 0.471 |
| Current Price | 0.405600000 |
| Next Low | 0.2737 |
| 2nd Low | |
| 3rd Low |
0.471 – 0.4735 – 0.4823 – 0.4381 – 0.4531 – 0.4562 — 30.088724587726 – 31.107829390235 — 16.247290547545 – 34.885967392329 – 8.0007790350037 – 17.044419313291
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – – –