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ADA/USDT (Futures) Potential Upward Movement

ADA/USDT (Futures) Long-Term Trend: Bullish

Key Resistance Levels: 2.2560, 2.4684, 2.500.

Key Support Levels: 2.0603, 1.9099, 1.9000.

Daily Chart:

The price on the higher time frame failed to break the strong daily support around the 2.0603 USDT mark and reversed higher leaving a fake breakout behind and a higher low. This shows that the buyers took control of the market. We expect the market to move upward toward the next key level 2.2560 USDT.

ADA/USDT (Futures) Medium-Term Trend: Bullish

1-Hour Chart:

On the lower time frame, the coin succeeded to break the Wyckoff accumulation phase to the upside after posting a series of higher lows. A lower correction could be seen to the highlighted area before a new impulsive toward the target profit.

Signal Idea:

Buy Limit Order @ 2.1475

TP 1 @ 2.2532

TP 2 @ 2.4684

Stop Loss @ 2.0954

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

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