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ADA – 4H Timeframe ✅

ADA - 4H Timeframe ✅

ADA - 4H Timeframe ✅

ADA – 4H Timeframe ✅

Cardano / TetherUS BINANCE:ADAUSDT
ShawnMCR


ADA - 4H Timeframe ✅

Let’s see how ADA is behaving.
This is a 4H chart.

The Fib retracement shows that price has moved to the resistance areas. There are two resistance levels on the way up, and now we’re trying to pass them. Right now we are right on resistance, passing this will higher the chance of reaching the next resistance at $1.063.

Support levels: $0.837 – $0.931
Resistance Area: $0.003 – $1.063

Bollinger Bands can work as support and resistance too. Here is an example:


Bollinger Bands

The market is showing NEUTRAL volumes for ADA.

Two resistance levels push down on value, and one support level holds the price high and shows strength. The higher band can work as resistance.

The Higher Bollinger Band can push down the value, and the Middle band pushes the price up.

If the price crosses the local resistance and stays above it for confirmation, we can open our long positions, aim for the next resistance, and use it as a TP point.

The RSI shows that ADA is above the 50 levels, the center.

If you want to know how the RSI indicator works, take a look at this Educational Idea. It’ll help you have better readings:


RSI (The relative strength index)

Current Market Price: $0.100000000000000000000000000000000000000000000000000000000000000000000000000000000

Let me know your ideas.

Good luck.

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