Hello everyone, let's take a look at the 4H ADA to USDT chart as we can see that the price has broken out of the pattern trendline and is struggling to stay just below it.
Let's start by setting goals for the near future that we can include:
T1 = $0.69
T2 = $0.78
AND
T3 = $0.93
Now let's move on to the stop-loss in case of further market declines:
SL1 = $0.57
SL2 = $0.52
AND
SL3 = $0.43
Looking at the RSI indicator, it looks like an upward break from the local downward trend line, while the STOCH indicator has room for further decline, which creates more and more room for a potential rebound.
Let's start by setting goals for the near future that we can include:
T1 = $0.69
T2 = $0.78
AND
T3 = $0.93
Now let's move on to the stop-loss in case of further market declines:
SL1 = $0.57
SL2 = $0.52
AND
SL3 = $0.43
Looking at the RSI indicator, it looks like an upward break from the local downward trend line, while the STOCH indicator has room for further decline, which creates more and more room for a potential rebound.