ADAUSDT has tested the weekly support level at the 0.4$ area, which indicates that there is strong demand from buyers at this level.
Currently, the market is testing a resistance level at 0.42$, which suggests that there may be some selling pressure at this level. According to Plancton's Rules, if the price of ADAUSDT manages to break through this resistance level, there is a possibility that the market could retest the previous support level at 0.44$ as a new resistance level.
If this scenario were to occur, it would be a significant milestone for the ADAUSDT market, as it would indicate that the price is continuing to trend upwards.
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Follow the Shrimp 🦐
Keep in mind.
Currently, the market is testing a resistance level at 0.42$, which suggests that there may be some selling pressure at this level. According to Plancton's Rules, if the price of ADAUSDT manages to break through this resistance level, there is a possibility that the market could retest the previous support level at 0.44$ as a new resistance level.
If this scenario were to occur, it would be a significant milestone for the ADAUSDT market, as it would indicate that the price is continuing to trend upwards.
–––––
Follow the Shrimp 🦐
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
- ⚫️ Black structure -> <= 1h structure.