The ADAUSDT price for more than 4 months is traded in the range of $0.40-0.69
The minimum of 0.40 cents was still set during the May drop. During the next wave of the crypto market decline in June 2022, when most cryptocurrencies including Bitcoin updated their lows, Ada buyers were able to hold the price. And this is not surprising, because below $0.40 there is emptiness and room for a drop of at least -25-30%. We wrote about this in our previous idea:
A good potential medium-term trade within the trade range is now emerging. Entrance - $0.46 Stop - $0.3999 Take profit - $0.71-0.76 Profit/loss ratio - 4.5/1
It would be ideal if ADAUSD buyers were able to break through the black trend line up and tear off the stops of the shorts hiding above $0.69 Our global goal for the increase in the price of the Cardano token is in the region of $1 per ADA. But we will talk about this in our next ideas.
_______________________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
A very high-quality analysis of the asset. I think that the immediate price reaction will help make sure of the further direction of movement. Buddy, I wonder what indicators you use in your analysis?
bestfarbit74
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great outlook
sadmark
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Thanks buddy. my idea for Ada in lower time frame:
jimbudan
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Vasily vasilievich lenin forklift will do.it....0,10$ coming soon
jimbudan
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Vasili forklift 0,30 coming soon
Babenski
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Great setup
AtlasTrades
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thx bud :) absolutely agree with your opinion about ADA/USD