Trend: Similar to the other pairs, ADA is also in an ascending channel (orange lines).
Support: The green support around 0.23–0.30 is important, and it could act as a solid foundation for the next move.
Resistance: Resistance at 3.03–3.40 is significant, and breaking it could signal a significant bullish move.
Volume: The volume is relatively low, indicating caution in the market. A breakout or breakdown could bring in more volume.
Price Action: Monitor for price action around the green support. A bounce would be bullish, but a breakdown could target lower levels at 0.15.
Support: The green support around 0.23–0.30 is important, and it could act as a solid foundation for the next move.
Resistance: Resistance at 3.03–3.40 is significant, and breaking it could signal a significant bullish move.
Volume: The volume is relatively low, indicating caution in the market. A breakout or breakdown could bring in more volume.
Price Action: Monitor for price action around the green support. A bounce would be bullish, but a breakdown could target lower levels at 0.15.
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.
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.