ADA/USDT 1H Analysis
2024-12-12
Category: None

ADA/USDT 1H Analysis: Bullish Momentum in Play

On the 1-hour time frame, ADA has just broken out of a bullish pennant pattern, and the price is moving upward. However, there are key levels to monitor if you're holding a long position:

Black line: This level represents the Daily Point of Control (POC) and the Weekly Open, making it a critical area to watch for potential resistance.
Pink resistance zone: A significant resistance level where price action may slow or reverse.
If you're currently long, exercise caution as the price approaches these levels. Confirmation of a breakout beyond these zones could signal further upside potential.

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