ADA/USD Upside – 16 Jan 2022

ADA is making a rebound today out of the daily trendline resistance. I am looking for support to hold, and price to make a bounce in the trading session later today.

Technically I’m looking for price to bounce from the key figure of $1.50, which is just above yesterdays Asia Session high & the EU session low.

Entry at: 1.500

Violated below: 1.4300

Upside Target: 1.700

ADA/USD 15M Chart, 18 Jan 2022

Published by Tom Stewart

Head of data analytics at TradeProofer. Analyst at Opes Trading Group. FX enthusiast.

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