With the price jumping from the $ 1.89 level, a green uptrend line has been formed since July, and this trend line is now recognized as a reference for both buyers and sellers
It is still possible to reduce the price and try this trend line, but buyers have more dominance in the market than sellers when the price reaches this trend line
The bullish trend will continue as long as the ADA weekly candle closes above the green uptrend line
Vendors are not expected to react significantly at this time because they do not currently have a stable entry point
As the price rises to $ 2.74, we may see several levels of resistance, but they are all short-lived
If cows are determined to resume the downtrend, prices will rise to the next highs of $ 3 and $ 3.16
If market sentiment in this Altcoin changes, sellers will have to push the ADA price below the green uptrend line to dominate the market
After that, sellers will try again for the third time to lower the price to $ 1.89
Thank you for your support
What do you think is the market scenario?
It is still possible to reduce the price and try this trend line, but buyers have more dominance in the market than sellers when the price reaches this trend line
The bullish trend will continue as long as the ADA weekly candle closes above the green uptrend line
Vendors are not expected to react significantly at this time because they do not currently have a stable entry point
As the price rises to $ 2.74, we may see several levels of resistance, but they are all short-lived
If cows are determined to resume the downtrend, prices will rise to the next highs of $ 3 and $ 3.16
If market sentiment in this Altcoin changes, sellers will have to push the ADA price below the green uptrend line to dominate the market
After that, sellers will try again for the third time to lower the price to $ 1.89
Thank you for your support
What do you think is the market scenario?
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.