Adausdt trading opportunity
2024-02-07

ADAUSDT corrective phase persists, with the price having recently emerged from a falling wedge pattern. Subsequent to this breakout, the price has entered a phase of consolidation.

It is anticipated that there will be a retest of the designated BUY BACK ZONE. Achieving this zone sets the stage for the price to ascend and challenge the established strong supply zone.

Vigilance is advised regarding the primary trendline depicted on the chart, as a price descent through this trendline could trigger a shift towards the critical demand zone.

Further updates will be disseminated as the price action unfolds.

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