ADA/USDT – 1H – BUYThe currency pair Cardano/Tether (ADA/USDT) breaks through the descending trendline up.
A bullish trend upwards to the next resistance at 0.3739 is likely expected.
Caution: A possible reversal of the trend in the direction of the support level at 0.3554 could be enabled.
Consider stop-loss settings accordingly.
Next a ‘Northern Doji’ chart pattern is existing. The chart forms ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.4042 |
| 2nd High | 0.3971 |
| Next High | 0.3739 |
| Current Price | 0.362400000 |
| Next Low | 0.3554 |
| 2nd Low | 0.3466 |
| 3rd Low | 0.3421 |
0.3652 – 0.3739 – 0.373 – 0.3554 – 0.3466 – 0.3467 — 47.798648451235 – 52.445595682326 — 48.795803782506 – 51.705082742317 – 67.193163908589 – 55.673266351458
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – – –