๐since oct 2020 I've analyzed ADAusdt for 2 time and in first one it exactly reached my all TPs and target ๐ฏ (3500% profit), and in the second analysis which is now active yet it just touched Tp1 ,and the condition of BTC affected and caused more crash for ADA recently
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1)
2)
so now
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๐๐TECHNICAL ANALYSIS
As you can see on the dailly timeframe for pair of ADA/USDT , Its trading about $1 right now .
Simultaneously with the fall of Bitcoin from 69,000 $, Cardano entered a downtrend and has been fluctuating between the two downtrends, and now, unfortunately, it has lost a very important level (pivot) and if it can not return to the top of it. Personally, I think the downtrend scenario is very likely, although it has recently reacted to the $ 1 a psychological support and maintained this level, but if it breaks down, it can be reduced to the next support areas. Therefore, in order to rise again, first it should break up the the descending channel as well as the pivot level, and then it must break the red resistance area upwards with a sufficient volume if it wants to reach the specified targets.
๐resistance level: $2.11 -$2.24 & trendline
๐pivot zone: $1.2-1.345$
โ๏ธsupport levels: $1 - ($0.572-$0.7) & trendline
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๐This analysis is my personal opinion ,not a financial advice ,so do your own research.
๐ if you're a fan of my analyses PLZ follow me and give a big thumbs ๐ OR drop comment ๐ฏ๐ญ
๐๐
1)
so now
--------------------------------------------------------------------------------------------------------------------
๐๐TECHNICAL ANALYSIS
As you can see on the dailly timeframe for pair of ADA/USDT , Its trading about $1 right now .
Simultaneously with the fall of Bitcoin from 69,000 $, Cardano entered a downtrend and has been fluctuating between the two downtrends, and now, unfortunately, it has lost a very important level (pivot) and if it can not return to the top of it. Personally, I think the downtrend scenario is very likely, although it has recently reacted to the $ 1 a psychological support and maintained this level, but if it breaks down, it can be reduced to the next support areas. Therefore, in order to rise again, first it should break up the the descending channel as well as the pivot level, and then it must break the red resistance area upwards with a sufficient volume if it wants to reach the specified targets.
๐resistance level: $2.11 -$2.24 & trendline
๐pivot zone: $1.2-1.345$
โ๏ธsupport levels: $1 - ($0.572-$0.7) & trendline
--------------------------------------------------------------------------------------------------------------------
๐This analysis is my personal opinion ,not a financial advice ,so do your own research.
๐ if you're a fan of my analyses PLZ follow me and give a big thumbs ๐ OR drop comment ๐ฏ๐ญ
