ADA/USDT (D1) Time Frame Analysis

ADAUSDT
Education
13 day(s) ago
figure #1
(You should have a close look at the chart and go through all the details to get a better understanding of the analysis.)

Price previously brokedown from a strong support zone where we had D1 50, 21 and 100 EMAs acting as supports along with a key level which has now become a strong resistance zone starting from $1.970 to $2.010.

Currently price can be seen lying above D1 200 EMA support under which we have a monthly and a weekly key level support zone starting from $1.777 to $1.690 alongwith a trendline support. And another strong support zone starting from $1.560 to $1.464.

A possible bullish scenario for the price will be above the resistance zone where holding above will be the most important part. We have to wait for the price to make a proper move either upwards or downwards for a possible entry.

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