$ADA /USD begins a local correction, as expected 📉!!
Keep an eye on the $0.2550 to $0.2450 order block zone; a tap into this area will likely trigger a bounce and a potential breakout.
Check out the previous update below 👇
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$ADA /USDT Update: Potential Trade Setup & Market Outlook 📈!!
As seen on the 2-hour chart, $ADA is trading within a descending channel. This is typically a bullish continuation pattern; notably, the price recently bounced off the channel's support line, forming a bullish hammer candlestick.
Currently approaching pattern resistance, ADA is expected to undergo a local correction toward the marked Orderblock Zone ($0.2550 – $0.2450). A tap and bounce from this level could trigger a recovery continuation, with a short-term breakout target of $0.30 to $0.3250.
$ADA #Write2Earn #MarketCorrection #TechnicalAnalysis
As seen on the 2-hour chart, $ADA is trading within a descending channel. This is typically a bullish continuation pattern; notably, the price recently bounced off the channel's support line, forming a bullish hammer candlestick.
Currently approaching pattern resistance, ADA is expected to undergo a local correction toward the marked Orderblock Zone ($0.2550 – $0.2450). A tap and bounce from this level could trigger a recovery continuation, with a short-term breakout target of $0.30 to $0.3250.
$ADA #Write2Earn #MarketCorrection #TechnicalAnalysis
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ADA
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