InkyGrip

ADAUSDT is testing the 0.5 Fibonacci Level

Long
BINANCE:ADAUSDT   Cardano / TetherUS
The price tested the weekly support on the 1.01$ and it created a triple bottom so far. On the 4h timeframe, we can see a breakout from a descending channel and retest of the previous support as new resistance on the 0.5 Fibonacci Level

Big News about ADA and Cronos Chain these days, could pump a price above the 1.125$

How to approach?
the price needs to get liquidity and create a clear breakout from the 4h resistance on 1.118$. After the breakot the market needs to confirm the flip, According to Plancton's strategy, we can set a nice order
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Keep in mind.
  • 🟣 Purple structure -> Monthly structure.
  • 🔴 Red structure -> Weekly structure.
  • 🔵 Blue structure -> Daily structure.
  • 🟡 Yellow structure -> 4h structure.
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