ADA is quickly approaching a major resistance just under $1.5. Please do not FOMO here...
Do not buy under resistance, buy above it once it turns into support!
However there are some bullish indicators:
MACD - Bullish cross
RSI - Bullish
Volume - increasing, bullish
Moreover, we're quickly approaching the end of this blue triangle inside this major flat trend / rectangle. Thus, I expect some exciting price action soon.
Bias is bullish, but we need to pass the resistance at $1.5 and close above it to confirm it. So best to wait for now a breakout or consider buying support.
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Do not buy under resistance, buy above it once it turns into support!
However there are some bullish indicators:
MACD - Bullish cross
RSI - Bullish
Volume - increasing, bullish
Moreover, we're quickly approaching the end of this blue triangle inside this major flat trend / rectangle. Thus, I expect some exciting price action soon.
Bias is bullish, but we need to pass the resistance at $1.5 and close above it to confirm it. So best to wait for now a breakout or consider buying support.
Like and follow if you liked this idea! Also join my crypto community to stay in touch!
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📣 Find more Alpha by joining Your Crypto Community 🔰 LINKs BELOW 🔰
🔹 Over 5,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
🔹 Over 5,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
Related publications
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.