#ADAUSDT 12H Chart

Cardano / TetherUS BINANCE:ADAUSDT

saviour25

Price previously moved up aggressively after bouncing from the 4h demand zone and it is currently getting rejected from a major 12h supply zone . MACD is showing strong bullish momentum however RSI is overbought and EMAs are turning bullish . I am expecting to see a retracement from here and the perfect scenario would be for price filling the imbalance around $1.025 and tapping into the major 6h demand zone at $1 where we would be looking to long and aim towards the major 12h supply at $1.32.

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