ADAUSDT: The Starting Point of a Bull Run to 0.4600?
Updated
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Price Action Analysis
ADAUSDT is breaking out of the daily bearish trendline. On the H4 Timeframe, ADAUSDT has broken out of the Descending Broadening Wedge Pattern with an impulsive candlestick (Marubozu). MACD indicator also made a golden cross, signifying a possible upside movement to the target area.
Other Technical Drives and Fundamental Drives
a. U.S. Dollar Bearish Bias Still Prevails!
b. Potential Slower pace of Interest Rate Hike in the future
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/ support area.
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the ADAUSDT"
*Support the channel by smashing the like button and follow for more content!"
Price Action Analysis
ADAUSDT is breaking out of the daily bearish trendline. On the H4 Timeframe, ADAUSDT has broken out of the Descending Broadening Wedge Pattern with an impulsive candlestick (Marubozu). MACD indicator also made a golden cross, signifying a possible upside movement to the target area.
Other Technical Drives and Fundamental Drives
a. U.S. Dollar Bearish Bias Still Prevails!
b. Potential Slower pace of Interest Rate Hike in the future
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/ support area.
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the ADAUSDT"
*Support the channel by smashing the like button and follow for more content!"
Trade active
Lower Timeframe AnalysisNote
H4 Timeframe: Rebound on EMA90 & Breakout Classic Resistance. Getting Closer to the first target!Note
Target 1 is Done! Will it go to the second target?Note
Breakout Trendline Again!
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Disclaimer
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