ADA/USDT – 89% Setup
Cardano / U. S. Dollar KRAKEN:ADAUSD
Hello Traders!
ADA price broke out of the downtrend, after which it returned to the consolidation range of $0.92 – $1.05
For a short-term trade, you can look for buy entry points near the current price values of $0.90 to $0.98. A less risky option is to wait for the price to consolidate above the resistance level of $1.05 and MA100 on the daily timeframe .
The targets will be the price levels of $1.48 and $1.74.
The deal should be closed by a stop-loss only in case of the price falls below the price level of $0.66.
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
