ADAUSDT

Hello Crypto Lovers,

Mars Signals team wishes you high profits.

This is a 4-hour-time frame analysis for ADAUSDT

Based on our last analysis on August 30, we predicted a rising trend to happen and now you observe that all our targets are hit. There are R2 and R1 as our resistance areas which both represent the unsuccessful triumphs of the price to rise. S2 used to be another resistance area and S1 and S3 are our support areas that contain the well support of the price at some points. Hence, we have the price fluctuating below R1 area and we predict it will fall to S1. At this area, we have two scenarios to happen. Either we will receive some confirmation candles to rise and then an increase is waiting for it up to R1. Or it will lose the support at S1 and face a decline toward S2. We suggest you to put your trade orders in pull back areas in order to make sure you have logical trades.

Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.

Wish you luck