Hi friends,
Here is my view on the ADA USDT Chart.
We have been forming a wedge formation, if we break to the downside I expect support to hold at S1, if this is lost to S2, don't think it will drop further than this. I actually think ADA is more likely to go to the upside, in which case I expect ADA to break out of the wedge, make a small retest and then continue upwards past the $1 mark, turning it into new support.
Keep trading and always manage risk.
All the best
Here is my view on the ADA USDT Chart.
We have been forming a wedge formation, if we break to the downside I expect support to hold at S1, if this is lost to S2, don't think it will drop further than this. I actually think ADA is more likely to go to the upside, in which case I expect ADA to break out of the wedge, make a small retest and then continue upwards past the $1 mark, turning it into new support.
Keep trading and always manage risk.
All the best