ADA/USDT 4HInterval Resistance and Support
I invite you to review the chart of ADA in pair to USDT, on a four-hour interval. First, we will use the blue lines to mark the downtrend channel from which the price has gone up.
Moving on, we can move on to highlighting the support spots, we currently see a price correction where the ADA is based on the first support at $0.32, the second support at $0.30, the third support at $0.29, and the fourth support at $0.27.
Looking the other way, we see first resistance at $0.33, then we can mark a strong resistance zone from $3.34 to $0.36, and then resistance at $0.37.
Please look at the CHOP index, which indicates that the collected energy is used for correction, but we still have a continuation of the move, MACD indicates a return to the downtrend, while the RSI has a strong rebound, which creates room for new increases.
Moving on, we can move on to highlighting the support spots, we currently see a price correction where the ADA is based on the first support at $0.32, the second support at $0.30, the third support at $0.29, and the fourth support at $0.27.
Looking the other way, we see first resistance at $0.33, then we can mark a strong resistance zone from $3.34 to $0.36, and then resistance at $0.37.
Please look at the CHOP index, which indicates that the collected energy is used for correction, but we still have a continuation of the move, MACD indicates a return to the downtrend, while the RSI has a strong rebound, which creates room for new increases.