Key Resistance Levels: 1.1674, 1.2000, 1.2050
Key Support Levels: 0.9797, 0.9575, 0.7079
ADA/USDT Price Long-Term: Bullish
On the daily time frame, the price managed to break the daily resistance (now support) with a big bullish candlestick. This signals that the bulls are taking control and we might see the price moving further upward. The coin currently is testing the new support @ 0.9797 level.
ADA/USDT Medium-Term Trend: Bullish
On the 1-hr time frame the price is trading within a flag formation where the price is pushed to the downside toward the new daily support. We have a confluence zone between the 50% Fibonacci retracement level, and the new support. This might lead to a move upward to the 1.1661 mark.
Buy Limit @ 0.9790
TP 1 @ 1.1661
TP 2 @ 1.2000
Stop Loss @ 0.9223
Trade Safely 🙂