fgolobovant

ADA/USDT still bearish?

Short
BINANCE:ADAUSDT   Cardano / TetherUS
ADA / USDT has been showing signs of correction for some time and, in my view, it will have continued with the first support test marked on the chart and if it loses, we will try the next support below with up to 45% of the loss of value.
Another possibility is a test on the first support to later try to escape the triangle with the value of 0.12 USDT as the first resistance.
The support zones fit well with the 0.618 and 0.786 Fibonacci retraction levels.

Ps: This is not a financial advice, always do your own research ...

Comments

Good TA/writeup...though I'd have to respectfully disagree.

Reply
fgolobovant a1mtarabichi
@a1mtarabichi, Thank you. No problem, I confess that I expected a stronger correction in this asset, but it's good that it already shows good signs of recovery.
Reply
Very good idea, we need to consider the Ichimoku cloud, thanks for sharing.
Reply
fgolobovant VincePrince
@VincePrince, Thanks for watching. Ichimoku can't really be ignored
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out