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ADA/USDTPERP Potential Upward Movement

ADA/USDTPERP Long-Term Trend: Bullish

Key Resistance Levels: 2.927955, 2.930000, 2.930050.

Key Support Levels: 2.641255, 2.478310, 2.390770.

Daily Chart:

The price on the higher time frame found support around the 2.478310 USDT after posting a correction count. This could lead to a further movement to the upside in the same direction of the main trend and toward the next key level.

ADA/USDTPERP Medium-Term Trend: Bullish

4-Hour Chart:

On the lower time frame, the price succeeded to break the bullish flag formation to the upside after posting a series of bullish candlesticks and breaking the highlighted zone to the upside. A lower correction could be seen before the bullish impulsive wave.        

Signal Idea:

Buy Limit Order @ 2.67093

TP 1 @ 2.91880

TP 2 @ 2.92795

Stop Loss @ 2.57080

Trade Safely 🙂

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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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