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ADA 4H Chart - Potentially may move down in the short-term.

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ADA currently in a 4H downtrend.
We may push to the downside again to re-test around the $1.05 level if the downtrend isn't broken from here. If $1.05 support is broken, $0.95 or even $0.80 is a possibility.
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ADA has now broken and closed above the red uptrend line & $1.16 resistance level. I'm bullish from here now. Next target is $1.25 and looking for a break of that resistance.
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^ red downtrend line*
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Update Mar 7th 2021: Still quite bullish from here. We've broken out of the 1H/4H downtrend, now we're currently holding above a 4H/Daily uptrend. If we break and close below this uptrend I see price going to around $0.80.

But for now I'm bullish.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.