BINANCE:ADAUSDT.P   Cardano / TetherUS PERPETUAL CONTRACT
#ADA/USDT
$ADA is trading inside daily support zone that is the same with daily ascending parallel channel, and also there is a short term descending parallel channel that price is above middle line.

🐮 if this zone be strong enough to hold the price, then price can head up toward upper line of descending channel around $1, and breaking the upper line will increase price to touch middle line of ascending channel around $1.28.

🐻 break down the lower line of ascending channel that is the same with middle line of descending channel will drop price to lower line and next support zone between $0.8 and $0.7.

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.