Cardano / TetherUS
Long
Updated

Adausdt trading opportunity

4 259
ADAUSDT corrective phase persists, with the price having recently emerged from a falling wedge pattern. Subsequent to this breakout, the price has entered a phase of consolidation.

It is anticipated that there will be a retest of the designated BUY BACK ZONE. Achieving this zone sets the stage for the price to ascend and challenge the established strong supply zone.

Vigilance is advised regarding the primary trendline depicted on the chart, as a price descent through this trendline could trigger a shift towards the critical demand zone.

Further updates will be disseminated as the price action unfolds.

Your engagement through comments and appreciation of our work via likes is welcomed and appreciated.

Thank you.
Trade active
The expected pullback on ADA failed so the plan now is buying towards 0.611 area as shown on the chart.

snapshot
Trade active
snapshot
Trade active
Going perfectly as expected, price tapped inside the strong accumulation zone and we should expect major reaction zone.

snapshot
Note
Great response from the buy area as provided on the chart.

snapshot
Note
+300% Profit Achieved

Another massive success

snapshot
Note
Rounding bottom formation in progress with neckline zone been the main targets in mind.

snapshot
Note
The setup still in a good shape, focus on the accumulation area for buy back opportunity.

snapshot
Note
Price still within strong demand zone.

snapshot

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.