Helical_Trades

ADA/USDT : What are the targets ?

Long
BINANCE:ADAUSDT   Cardano / TetherUS
ADAUSDT
Hello everyone 😃

ADA has just broke the ATH in last days and now it's bouncing to $3 logical resistance ( There will be more ask below it ).
So it's not beyond technical if ADA take a rest for some days after the high rate reaching on volatility !

But after all, Bulls will search for supports !
The main supports are located at $2.4700 and $1.9059 (FIB's 50% level).
Also there is H12 located at ( $2.1043 - $2.0592 ) which is going to be a stiff support after any correction.
Have to mention that there is a 8H's support zone near to last ATH, Which can become the retest level before any leg up.
It's expected for ADA to accumulate below $3 before any major bounce but it needs to be warned for BTC's direction !
Any minor correction on BTC will invalidate the upward movement for ADA...

🔰 The main targets for next bounce will be :
- $3.1586
- $3.5913
- $4.3187


Also there can be another support for ADA in future days of upward movement as the bullish trendline approaching it.
So the buy zones are mentioned on chart, And everything has been explained !
🔴 But have to warn again, ALTs; Specially ADA, Needs more space through BTC's continuation on daily bounces for further growths !!!
Any minor correction can be a invalidation for more highs...


Hope you enjoyed our analysis about ADA's possible directions🙌
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@Helical_Trades

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