Hello everyone, let's take a look at the ADA vs USDT chart over the 4 hour timeframe. As you can see, the price is moving above the local trendline.
Let's start by designating the support line and as you can see the first stop is fate at:
SL1 - $ 0.5988
SL2 - $ 0.5688
SL3 - $ 0.5405
and
SL4 - $ 0.4986
Now let's move on to the targets that we can set for the nearest future:
T1 - $ 0.6527
T2 - $ 0.7121
and
T3 - $ 0.7979
Looking at the CHOP indicator, we can see that in the 4-hour interval we have a lot of energy, while the MACD indicator shows that we have entered a local downward trend.
Let's start by designating the support line and as you can see the first stop is fate at:
SL1 - $ 0.5988
SL2 - $ 0.5688
SL3 - $ 0.5405
and
SL4 - $ 0.4986
Now let's move on to the targets that we can set for the nearest future:
T1 - $ 0.6527
T2 - $ 0.7121
and
T3 - $ 0.7979
Looking at the CHOP indicator, we can see that in the 4-hour interval we have a lot of energy, while the MACD indicator shows that we have entered a local downward trend.