ADAUSDT - Breakout Ceiling of Falling Trend Channel
- ADAUSDT has broken through the ceiling of a falling trend channel in the medium long term.
- ADAUSDT has reacted back after a possible false break of the inverse head and shoulders formation.
- A decisive break up through 0.40 will again give new positive signals to the currency, while a break on the opposite side of the formation will be a strong negative signal.
- ADAUSDT has broken down through support at 0.42.
- Overall assessed as technically neutral for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
*Chart Pattern:
DT - Double Top | BEARISH | RED
DB - Double Bottom | BULLISH | GREEN
HNS - Head & Shoulder | BEARISH | RED
REC - Rectangle | BLUE
iHNS - inverse head & Shoulder | BULLISH | GREEN
Verify it first and believe later.
WavePoint ❤️
- ADAUSDT has reacted back after a possible false break of the inverse head and shoulders formation.
- A decisive break up through 0.40 will again give new positive signals to the currency, while a break on the opposite side of the formation will be a strong negative signal.
- ADAUSDT has broken down through support at 0.42.
- Overall assessed as technically neutral for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
*Chart Pattern:
DT - Double Top | BEARISH | RED
DB - Double Bottom | BULLISH | GREEN
HNS - Head & Shoulder | BEARISH | RED
REC - Rectangle | BLUE
iHNS - inverse head & Shoulder | BULLISH | GREEN
Verify it first and believe later.
WavePoint ❤️
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For more info:
Threads: threads.net/@wavepoint99
Telegram: t.me/Wel_99
TradingView: bit.ly/43y7zC6
Twitter: twitter.com/wavepoint99
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