Cardano / Tether
Long

ADAUSDT - Technical structure showing potential for a breakout

204
With BTCUSD and ETHUSD maintaining strong bullish structure and the broader crypto market showing renewed risk-on sentiment, ADAUSDT is positioned for a potential continuation to the upside from technical point of view and trend continuation setup.

Crypto markets historically perform well when liquidity conditions improve, and with the FED officially ending Quantitative Tightening (QT) and a rising probability of rate cuts, the macro environment is turning supportive for digital assets.

On top of that, ADA’s ecosystem growth, rising network activity, and strong technical structure suggest that ADAUSDT may be preparing for a high-probability move up.

Based on these combined factors, we expect ADAUSDT to push up and potentially target new short-term highs if momentum continues.

Always remember WTW 4 Golder Rules:
1) Do not jump in
2) Do not over risk/trade
3) Do not trade without Stop Loss
4) Never ever add to a losing position!

Trade with care
We Trade Waves
WTW Team

Disclosure: We are part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in our analysis.

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.