ADA/USDT – 1H – BUY

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

A bullish movement up to the next resistance line at 0.4036 will persist.

Caution: A possible trend reversal in the direction of the support zone at 0.3815 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart signal. The currency pair could go up.

Furthermore a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which could be a positive chart scenario. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Current target is 0.39335 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance zone at 0.4036 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Northern Doji’ candle pattern is detected. The chart shows ‘Northern Doji’. which is a bullish pattern signal. The 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).

0.4036 – 0.3964 – 0.3925 – 0.3815 – 0.3839 – 0.3856 — 49.190223114893 – 53.748363491628 — 31.037278691099 – 45.089790280045 – 30.226469499101 – 34.288013429973

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