ADAUSD: Thoughts and Analysis
Today's focus: ADAUSD
Pattern – Breakout/Support test (Bearish)
Support – .2375
Resistance – .2490 - .2640
Hi, and thanks for checking out today's update. Today, we are looking at the ADAUSD on the daily chart.
ADA is a market I watch regularly, and currently, we are seeing a few interesting things, pattern and support-wise, that we have broken down in today's video. The two keys, long-term support, seen at .2375 and an ending diagonal pattern that continues to remain in play.
I have discussed three main cases in today's analysis of ADA; two are bullish, and the third is a bearish continuation of the long-term trend. It will be interesting if we see a lower break over the next few days, as that will play into a case as long as it holds at the ending diagonal trendline.
What do you think? Do you agree with the patterns and levels we have discussed?
Pattern – Breakout/Support test (Bearish)
Support – .2375
Resistance – .2490 - .2640
Hi, and thanks for checking out today's update. Today, we are looking at the ADAUSD on the daily chart.
ADA is a market I watch regularly, and currently, we are seeing a few interesting things, pattern and support-wise, that we have broken down in today's video. The two keys, long-term support, seen at .2375 and an ending diagonal pattern that continues to remain in play.
I have discussed three main cases in today's analysis of ADA; two are bullish, and the third is a bearish continuation of the long-term trend. It will be interesting if we see a lower break over the next few days, as that will play into a case as long as it holds at the ending diagonal trendline.
What do you think? Do you agree with the patterns and levels we have discussed?
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.