#ADA/USDT Ready to launch upwards

293
#ADA

The price is moving in a descending channel on the 1-hour timeframe and sticking to it well

We have a bounce from the lower limit of the descending channel, this support is at 0.9500

We have a downtrend on the RSI indicator that is about to be broken, which supports the rise

We have a trend to stabilize above the 100 moving average

Entry price 0.9682
First target 1.02
Second target 1.06
Third target 1.11

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.