ADA/USDT 1D INTERVAL - resistance and support
Hello everyone, I invite you to review the ADA chart in pair to USDT on a one-day interval. Let's start by marking the downtrend line that the price is currently trying to break, while locally we can mark the uptrend.
Now let's look at where the price will meet resistance on further increases, once we cross the downtrend lines, we can see resistance at $0.41, second resistance at $0.47, third at $0.52 and fourth at $0.59.
Looking the other way, in the same way we can mark places that will support the ADA in the event of a larger price correction. And here we will start by marking the support zone from $0.35 to $0.33, if the price falls below the second zone is from $0.31 to $0.30, while the third support zone is from $0.27 to $0.24.
It is worth looking at the EMA Cross 10 and 30, which indicate the place of entry into an uptrend and confirmation of staying in this trend.
The CHOP index indicates that we have more and more energy for the upcoming move, the MACD confirms the upward trend, while the RSI, despite the correction, has returned above the upper limits of the range, so be careful before a possible correction.
Now let's look at where the price will meet resistance on further increases, once we cross the downtrend lines, we can see resistance at $0.41, second resistance at $0.47, third at $0.52 and fourth at $0.59.
Looking the other way, in the same way we can mark places that will support the ADA in the event of a larger price correction. And here we will start by marking the support zone from $0.35 to $0.33, if the price falls below the second zone is from $0.31 to $0.30, while the third support zone is from $0.27 to $0.24.
It is worth looking at the EMA Cross 10 and 30, which indicate the place of entry into an uptrend and confirmation of staying in this trend.
The CHOP index indicates that we have more and more energy for the upcoming move, the MACD confirms the upward trend, while the RSI, despite the correction, has returned above the upper limits of the range, so be careful before a possible correction.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.