ADA Futures ( ADAUSD3 ), H4 Potential for Bullish Continuation
Title: ADA Futures ( ADAUSD3 ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 0.37102
Pivot: 0.32890
Support: 0.30661
Preferred case: Looking at the H4 chart, my overall bias for ADAUSD3 is bullish due to the current price crossing above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to continue moving towards the resistance at 0.37102, where the previous swing high is.
Alternative scenario: Price may head back down to retest the pivot at 0.32890, where the 61.8% Fibonacci line is.
Fundamentals: There are no major news.
Type: Bullish Continuation
Resistance: 0.37102
Pivot: 0.32890
Support: 0.30661
Preferred case: Looking at the H4 chart, my overall bias for ADAUSD3 is bullish due to the current price crossing above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to continue moving towards the resistance at 0.37102, where the previous swing high is.
Alternative scenario: Price may head back down to retest the pivot at 0.32890, where the 61.8% Fibonacci line is.
Fundamentals: There are no major news.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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