lorenzo-96

ADAUSDT consolidation before the next move??

BINANCE:ADAUSDT   Cardano / TetherUS
Hello everyone, this is my very first trading idea! I don't trade a lot and I tend to spend less time on charts. Anyway, this is what I see for ADAUSDT in the coming weeks. Currently, the price action is very compressed between two important levels, 2.40$ and 1,90$ that act as resistance and support. This might be signaling a period of consolidation, where buyers may be accumulating before the next upward move (if Bitcoin will print a new all-time high). ADA in my opinion is still a good buy at these levels, and several drivers could still impact its price in the near future, like dApp and NFT as highlighted in Grayscale recent report. In summary, reclaim 2.40$, and bias will be bullish again, lose 1.90$ and bias will shift to bearish.
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