Yello Paradisers! Are you watching Cardano (ADA)? If not, you might miss one of the most decisive moments in recent weeks. The symmetrical triangle forming on the daily chart is nearing its breaking point, and when it does, we could see an explosive move.
💎#ADAUSDT is currently trading within a symmetrical triangle, a classic pattern that indicates market indecision. The price is compressing between an ascending support line and a descending resistance line, creating a tightening range. This formation suggests that a breakout or breakdown is imminent, and Paradisers should be prepared for either scenario.
💎On the bullish side, the resistance zone between $1.0660 and $1.0774 is the key level to watch. A breakout above this range, confirmed by a daily close and increased volume, could ignite a powerful move toward $1.25, $1.35, and even the $1.4469 region, where we see significant historical resistance. Such a breakout would confirm bullish momentum and potentially attract new buyers.
💎Conversely, the support zone between $0.8970 and $0.8756 is a critical level for the bulls to defend. A breakdown below this zone would invalidate the bullish triangle and open the path for a sharper decline.Wait for a clean break of either resistance or support before committing to a position, and always trade with a proper risk management plan in place.
Discipline, patience, and a clear strategy will always set you apart from the herd. Let the market reveal its direction, and act decisively when it does. Be a pro, Paradisers!
MyCryptoParadise
iFeel the success🌴
💎#ADAUSDT is currently trading within a symmetrical triangle, a classic pattern that indicates market indecision. The price is compressing between an ascending support line and a descending resistance line, creating a tightening range. This formation suggests that a breakout or breakdown is imminent, and Paradisers should be prepared for either scenario.
💎On the bullish side, the resistance zone between $1.0660 and $1.0774 is the key level to watch. A breakout above this range, confirmed by a daily close and increased volume, could ignite a powerful move toward $1.25, $1.35, and even the $1.4469 region, where we see significant historical resistance. Such a breakout would confirm bullish momentum and potentially attract new buyers.
💎Conversely, the support zone between $0.8970 and $0.8756 is a critical level for the bulls to defend. A breakdown below this zone would invalidate the bullish triangle and open the path for a sharper decline.Wait for a clean break of either resistance or support before committing to a position, and always trade with a proper risk management plan in place.
Discipline, patience, and a clear strategy will always set you apart from the herd. Let the market reveal its direction, and act decisively when it does. Be a pro, Paradisers!
MyCryptoParadise
iFeel the success🌴
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Do you Want to start trading like a PRO?
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.