Cardano / TetherUSUpdated ADAUSDT wants the breakout?
ADAUSDT is trying to have a clear breakout from the 4-hour dynamic resistance level, which is situated below the weekly resistance at 0.40$. This indicates that the price is currently facing a significant level of resistance.
If the price manages to create a clear breakout from this level, it would suggest that buyers have regained control and are willing to push the price higher.
In summary, ADAUSDT is currently attempting to break above a significant resistance level. If it succeeds, it may signal a potential bullish move and a new buying opportunity. It's crucial to analyze the market conditions and have a clear trading plan before entering any trades.
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Follow the Shrimp 🦐
Keep in mind.
If the price manages to create a clear breakout from this level, it would suggest that buyers have regained control and are willing to push the price higher.
In summary, ADAUSDT is currently attempting to break above a significant resistance level. If it succeeds, it may signal a potential bullish move and a new buying opportunity. It's crucial to analyze the market conditions and have a clear trading plan before entering any trades.
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Follow the Shrimp 🦐
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
- ⚫️ Black structure -> <= 1h structure.
Note
Waiting for the breakout
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