ADA/USDT Potential Downward Movement
Key Resistance Levels: 2.2013, 2.3289, 2.7143.
Key Support Levels: 1.8927, 1.4792, 1.4500.
The price on the higher time frame broke the bullish channel to the downside which led to a break of the structure and a reversal from an upward movement to a downward one. The coin succeeded to break the 2.2013 USDT mark to the downside and retrace to it. Further movement to the downside could be seen in the coming hours.
ADA/USDT Medium-Term Trend: Bearish
On the lower time frame, the coin succeeded to break the wedge pattern to the downside with the help of the sellers found around the 61.80 % Fibonacci retracement level. a higher correction could be seen to the previous resistance level before a new wave to the downside toward the target profit.
Sell Limit Order @ 2.1932
TP 1 @ 1.9684
TP 2 @ 1.8927
Stop Loss @ 2.2680
Trade Safely 🙂