BINANCE:ADAUSDT.P   Cardano / TetherUS PERPETUAL CONTRACT
#ADA/USDT
$ADA is trading inside daily support zone that is the same with daily ascending parallel channel, and also there is a short term descending parallel channel that price is above middle line.

🐮 if this zone be strong enough to hold the price, then price can head up toward upper line of descending channel around $1, and breaking the upper line will increase price to touch middle line of ascending channel around $1.28.

🐻 break down the lower line of ascending channel that is the same with middle line of descending channel will drop price to lower line and next support zone between $0.8 and $0.7.

Penafian

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