Do you have a Buy Order Ready below $1
One thing is common between bulls and bears interpreting ADA chart which is, almost all are drawing the famous descending triangle pattern on the charts. So, I totally agree with this interpretation too. But the narratives are polar opposite between the two camps.
I am holding ADA and have been dollar cost averaging over a period now. Pattern breakouts are not always perfect - either a bull or bear case can happen.
On the bullish side, we can see a prior inverse head & shoulder pattern formation and current price is above the 1.15 support level. It is also possible to see bullish momentum to continue and see breakout to the upside.
On the bearish angle, the current price is retreating towards 1.15 support and there is a chance ADA could retest the $1 physiological level. This level is extremely nearby and it ($1.00) has been a strong support for over 150 days. It is quite likely for market makers or whales to exploit this level to their benefit and create huge volatility there.
As a bull, be prepared when such bearish case appears and be ready to act. Have your orders ready when we get into such situation.
I am holding ADA and have been dollar cost averaging over a period now. Pattern breakouts are not always perfect - either a bull or bear case can happen.
On the bullish side, we can see a prior inverse head & shoulder pattern formation and current price is above the 1.15 support level. It is also possible to see bullish momentum to continue and see breakout to the upside.
On the bearish angle, the current price is retreating towards 1.15 support and there is a chance ADA could retest the $1 physiological level. This level is extremely nearby and it ($1.00) has been a strong support for over 150 days. It is quite likely for market makers or whales to exploit this level to their benefit and create huge volatility there.
As a bull, be prepared when such bearish case appears and be ready to act. Have your orders ready when we get into such situation.
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.
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.