BINANCE:ADAUSDT has been building bearish pressure. If you zoom out, you can see that the price was hitting the support zone 0.5600-0.5700 for over a month. Basically, it is building a descending triangle where we have equal lows and lower highs. Most likely, the market will break through the support level and retest the lower prices. Probably the flat number at 0.5000. I expect the market to move lower following the trendline breakout. My target is a support level at 0.5300.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻