ADA/USDT pair at this moment:
1. We can see how ADA rate try to get to the strong price level located at the $1,4957;
2. The nearest retest of this strong price level was formed in 4 July;
3. Local uptrend started at 21 June;
But today we don’t have all reasons for opening a trade, because we need ADA to close near this strong price level at the end of the day. After that, we can safely open our position.
1. We can see how ADA rate try to get to the strong price level located at the $1,4957;
2. The nearest retest of this strong price level was formed in 4 July;
3. Local uptrend started at 21 June;
But today we don’t have all reasons for opening a trade, because we need ADA to close near this strong price level at the end of the day. After that, we can safely open our position.