ADA/USDT 1D INTERVAL - Resistance and Support
Hello everyone, I invite you to a short review of the ADA chart in pair to USDT on a one-day timeframe. First, we will use the blue lines to mark the downtrend channel in which the ADA has been moving for a long time.
As you can see, we are at the bottom of our channel, so it's worth checking what support we have in the near future and as you can see, we can mark the first support at $0.29, if the support is broken, then the next support is $0.27, $0.25 and $0.23.
Similarly, it is worth checking what resistance we can expect if the price of ADA starts to grow. As you can see the first resistance is $0.32, if it is broken then the next resistance will be $0.34, $0.35 and $0.37.
Looking at the CHOP indicator, we see that in the 1-day interval, the energy begins to gain strength, and the MACD indicator indicates that we are on the verge of changing the trend to an upward one.
As you can see, we are at the bottom of our channel, so it's worth checking what support we have in the near future and as you can see, we can mark the first support at $0.29, if the support is broken, then the next support is $0.27, $0.25 and $0.23.
Similarly, it is worth checking what resistance we can expect if the price of ADA starts to grow. As you can see the first resistance is $0.32, if it is broken then the next resistance will be $0.34, $0.35 and $0.37.
Looking at the CHOP indicator, we see that in the 1-day interval, the energy begins to gain strength, and the MACD indicator indicates that we are on the verge of changing the trend to an upward one.
