ADA-USDT(Ascending Triangle Breakout)
ADA has again gained momentum after the news broke that the US-based exchange Coinbase Pro will list the asset on its exchange.
ADA pumped by ~750% in the year 2021 to date and after forming an Inverted Hammer, it retraced back to 0.382% retracement level.
After taking support on the 20 and 50 DEMA, it pumped up by ~20% yesterday signalling a breakout from the Ascending Triangle.
Key Levels to watch out:-
The supports to the lower side are present at $1.18 and $1.09 respectively.
ADA after its breakout from the pattern is likely to achieve the first target of $1.40 followed by $1.55.
ADA pumped by ~750% in the year 2021 to date and after forming an Inverted Hammer, it retraced back to 0.382% retracement level.
After taking support on the 20 and 50 DEMA, it pumped up by ~20% yesterday signalling a breakout from the Ascending Triangle.
Key Levels to watch out:-
The supports to the lower side are present at $1.18 and $1.09 respectively.
ADA after its breakout from the pattern is likely to achieve the first target of $1.40 followed by $1.55.
Comment:
First Target of $1.40 achieved