hello guys!
Key Observations:
Strong Impulse Move:
ADA recently experienced a sharp rally, breaking through resistance levels and establishing a new range.
Fake RSI Divergence:
A deceptive bearish RSI divergence was invalidated as the price continued its uptrend, confirming bullish momentum.
Support Holding at Lower Channel:
The price is currently consolidating near the lower boundary of the parallel channel, suggesting a potential bounce.
Next Target:
If the price respects the channel structure, ADA could aim for the 0.90 - 0.94 USD range as the next resistance.
Conclusion:
As long as the lower trendline holds, ADA remains bullish with a high probability of an upward breakout. However, traders should monitor the channel support for potential invalidation. 📈🔥
Key Observations:
Strong Impulse Move:
ADA recently experienced a sharp rally, breaking through resistance levels and establishing a new range.
Fake RSI Divergence:
A deceptive bearish RSI divergence was invalidated as the price continued its uptrend, confirming bullish momentum.
Support Holding at Lower Channel:
The price is currently consolidating near the lower boundary of the parallel channel, suggesting a potential bounce.
Next Target:
If the price respects the channel structure, ADA could aim for the 0.90 - 0.94 USD range as the next resistance.
Conclusion:
As long as the lower trendline holds, ADA remains bullish with a high probability of an upward breakout. However, traders should monitor the channel support for potential invalidation. 📈🔥
İşlem aktif
the price is moving in the direction of the arrow I've drawn!
👉 My recommended broker: bit.ly/HYMCMELI
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
İlgili yayınlar
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.
👉 My recommended broker: bit.ly/HYMCMELI
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
İlgili yayınlar
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.