ADA/USDT – 4H – BUYThe pair Cardano/Tether (ADA/USDT) jumps from the bearish trendline up.
A bullish movement upwards to the next resistance level at 0.6069 is certain.
Caution: A possible reversal of the trend in the direction of the support zone at 0.2737 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘%K crosses above %D’ indicator layout is discovered. The indicator is ‘%K crosses above %D’. which could be a positive signal. The currency pair could go up.
And also a ‘Northern Doji’ chart pattern is found. The chart forms ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.8924 |
| 2nd High | 0.6938 |
| Next High | 0.6069 |
| Current Price | 0.409900000 |
| Next Low | 0.2737 |
| 2nd Low | |
| 3rd Low |
0.6069 – 0.5863 – 0.6938 – 0.4901 – 0.4898 – 0.5939 — 23.782454135721 – 29.844100156213 — 2.2415577222975 – 13.293399210062 – 8.3530809914272 – 7.5859363237494
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – – –