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 🙂