The currency pair Cardano/Tether (ADA/USDT) goes from the descending trendline up.
The bullish trend upwards to the next resistance at 0.3027 will continue.
Caution: A possible counter-trend in the direction of the support level at should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish signal. The currency pair is likely to rise.
Also there is a ‘Northern Doji’ chart pattern is discovered. The chart shows ‘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 chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.3319 |
| 2nd High | 0.305 |
| Next High | 0.3027 |
| Current Price | 0.278400000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.3027 – 0.305 – 0.3019 – 0.2205 – 0.2803 – 0.2817 —
0.262000000 – 0.274700000 —
59.974556328838 – 72.113237993167 —
– —
0.3027 – 1770177600
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – – –