Hi everyone,
Let’s take a look at the ADA / USDT chart on the 1D interval.
Let’s pay attention to the downtrend line under which the price is constantly moving.
Looking at the support we have, we can designate two supports, the first at $ 0.707 and the second at $ 0.365.
Now let’s move on to determining the resistance line that the price must break if the trend reverses and here you can see that the first resistance is at $ 0.945, while the next two at $ 1.006 and $ 1.065 are short-term resistance. In the long term, it is worth determining the resistances at $ 1,301, $ 1,654, $ 1,917 and $ 2,196.
Please pay attention to the CHOP indicator which shows that we are starting to regain energy.