ADAUSDT.P trade ideas
ADA USDT (Cardano)#ADAUSDT seems to be hitting 1.618 extensions for Wave 3 soon and it can follow correction up to $0.2 range which will be 0.38 of the wave 2-3.
Mid-term targets can be easy $0.4 and if extended $0.5+ can be seen.
CARDANO is back on stagesADA cardano breaked very important level and now its an strong support and I think ADA deserves to be one of 10th
ADA on the uptrend channel.Clearly ADA is in an uptrend with those higher highs and lower highs.
A potential entry would be at .11. However, be aware of Bitcoin volatility that can spoil this trend.
Don't miss the great buy opportunity in ADAUSDTTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.0785). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ADAUSDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 59.
Take Profits:
TP1= @ 0.0904
TP2= @ 0.1011
TP3= @ 0.1135
TP4= @ 0.1555
SL= Break below S2
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ADA - Support or Break, Bitcoin will decide ItAda is moving around a very strong support currently. If btc makes a movement upwards targets are given with green line.
