Targets and stop loss for ADA / USDT
Cardano / TetherUS BINANCE:ADAUSDT
Hello everyone, let’s take a look at the ADA to USDT chart over the 4 hour timeframe. As you can see the price tried to break the downward trend line but unfortunately fell just below it.
Let’s start by setting short-term stop losses, as you can see
SL1 – $ 0.5296,
SL2 – $ 0.5048,
SL3 – $ 0.4801
and
SL4 – $ 0.4429.
Now let’s move on to identifying the goals that we should consider in the coming hours:
T1 – $ 0.5936,
T2 – $ 0.6520,
T3 – $ 0.7122,
and
T4 – $ 0.7971.
Looking at the CHOP indicator , we can see that in the 4H range, energy starts to rise again, while the MACD indicator shows an uptrend.
