#ADAUSDT 1 H Spot LONG

Aug 17

#ADA

The price is moving within a descending channel on the 1-hour time frame and has reached the minimum and is heading towards a rebound. It is expected to retest this limit.

The Relative Strength Index (RSI) is indicating a downtrend, and this trend is likely to continue due to the overbought condition.

It found a major support area in green at 0.1570. The price has bounced off this area several times, making it a strong support level.

The price trend is to reach above the 100 moving average, which we are approaching. This trend supports the upside
Entry price: 0.1750
First target: 0.1775
Second goal: 0.1812
Third goal: 0.1859

You can close at the second goal or wait to achieve the third goal, the choice is yours
Stop loss: at the resistance area in green

Remember this simple rule: capital management.

If you have any questions, please leave a comment.

Thank you.

Aug 21

Trade closed: target reached

#ADA

First target: 0.1775 Reached
Second goal: 0.1812 Reached
Third goal: 0.1859 Reached