Title: ADAUSD Futures ( ADAUSDT ), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 0.41297
Pivot: 0.38410
Support: 0.32956
Preferred case: Looking at the H4 chart, my overall bias for ADAUSD is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to possibly head towards the support at 0.32956, which is the overlap support.
Alternative scenario: Price may head back up to retest the resistance at 0.41297 where the recent high is located.
Fundamentals: There are no major news.
Type: Bearish Drop
Resistance: 0.41297
Pivot: 0.38410
Support: 0.32956
Preferred case: Looking at the H4 chart, my overall bias for ADAUSD is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to possibly head towards the support at 0.32956, which is the overlap support.
Alternative scenario: Price may head back up to retest the resistance at 0.41297 where the recent high is located.
Fundamentals: There are no major news.