#ADAUSDT On the bottom of the ascending channel
Updated
The Cardano is on the very valid ascending channel in In four-hour timeframe. The floor of the channel with more than four collisions and the ceiling of the channel with more than 5 collisions are approved. In addition, we can see a Positive Divergence in the RSI oscillator. the Stop loss and Resistance lines are clear on the analysis picture. This analysis is a personal opinion and It should not be the basis of your decision. If you trade in the short term, please adhere to the stop-loss zones. Always be victorious.
Note
According to the previous analysis, this symbol seems to be at the beginning of its fifth wave. Therefore, price growth up to 50 or 61.8% levels is very likely, although the main goal is the 100% channel level.
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