ADAUSDT - Ready to fall to 0.40 USD or hike to 2.25$
Looks like ADA is forming a rectangle top.
One of the 2 scenarios will happen:
Short: ADA closes on the daily below 0.96 and falls the technical price target of 0.39$ or
Long: ADA closes on the daily above 1.56$ and takes a hike to technical price target of 2.25$
Personally i tend to a long position since we are in the Altcoin Season and RSI with MACD are in the good levels to buy.
Also at 0.96% we have a strong EMA100 Support.
But i'll wait for the breakout first.
One of the 2 scenarios will happen:
Short: ADA closes on the daily below 0.96 and falls the technical price target of 0.39$ or
Long: ADA closes on the daily above 1.56$ and takes a hike to technical price target of 2.25$
Personally i tend to a long position since we are in the Altcoin Season and RSI with MACD are in the good levels to buy.
Also at 0.96% we have a strong EMA100 Support.
But i'll wait for the breakout first.