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ADA/USDT Potential Upward Movement

ADA/USDT Price Long-Term: Bullish

Key Resistance Levels: 1.3357, 1.4000, 1.4905

Key Support Levels: 1.1750, 0.9801, 0.8000

Daily Chart:

On the daily time frame, the price is in an uptrend by posting higher highs and lows. The price is trying to test the previous resistance (now support) @ 1.7705. We are expecting that this level could hold and stay above it which might lead to a further move upward.

AUD/USDT Medium-Term Trend: Bullish

4-hour Chart:

On the 4-hr time frame, the price posted a correction count toward a confluence zone between the daily support, the trendline and a Fibonacci retracement level @ 1.1790 mark. This might lead to a move upward to the 1.4631 level.

Signal Idea:

Buy Limit Order @ 1.1790

TP 1 @ 1.4631

TP 2 @ 1.4700

Stop Loss @ 1.0693

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.

One comment

  1. Thank you for the hard work free signal, i just wanted to ask, which time frame is suitable for this entry? 1M? 15M? 1Hour?

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