Technical analysis by wavepoint99 about Symbol ADA: Buy recommendation (5/1/2023)

ADAUSDT - Brreakout Ceilling of Falling Trend Channel [MID TERM - ADAUSDT has broken through the ceiling of a falling trend channel in the medium long term. - ADAUSDT has reacted back after a possible false break of the inverse head and shoulders formation. - A decisive break up through 0.40 will again give new positive signals to the currency, while a break on the opposite side of the formation will be a strong negative signal. - ADAUSDT has broken down through support at 0.42. - Overall assessed as technically neutral for the medium long term. *EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price *Chart Pattern: DT - Double Top | BEARISH | RED DB - Double Bottom | BULLISH | GREEN HNS - Head & Shoulder | BEARISH | RED REC - Rectangle | BLUE iHNS - inverse head & Shoulder | BULLISH | GREEN Verify it first and believe later. WavePoint ❤️