ADA has seen a strong uptrend form since breaking out of it's descending channel last week.
We can see the price just bounced off two notable EMA's, 50 & 100, with a bounce two weeks ago off 200. This is a strong sign of strength.
Indicators looking decent, I've noted analysis on the chart.
If ADA continues this trend, I believe it will hit the next fib level within the next couple weeks.
TP @ .12595, SL around 8%-10%. If it breaks the ascending channel we can expect another retest of one of the previous support levels.
This seems unlikely to me as it has shown notable strength for a while now.
--
I'm a guy that you don't know posting his ideas on the internet for the sake of improving as a human being. If you take this as financial advice, that's on you.
If you like my analysis, then leave a like and feel free to follow for more free content. Feedback, criticism and crude humor are welcome :)
We can see the price just bounced off two notable EMA's, 50 & 100, with a bounce two weeks ago off 200. This is a strong sign of strength.
Indicators looking decent, I've noted analysis on the chart.
If ADA continues this trend, I believe it will hit the next fib level within the next couple weeks.
TP @ .12595, SL around 8%-10%. If it breaks the ascending channel we can expect another retest of one of the previous support levels.
This seems unlikely to me as it has shown notable strength for a while now.
--
I'm a guy that you don't know posting his ideas on the internet for the sake of improving as a human being. If you take this as financial advice, that's on you.
If you like my analysis, then leave a like and feel free to follow for more free content. Feedback, criticism and crude humor are welcome :)
Come hang out with me on telegram, it's free and I won't be too mean too mean to you:
t.me/KadnimCrypto
t.me/KadnimCrypto
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.
Come hang out with me on telegram, it's free and I won't be too mean too mean to you:
t.me/KadnimCrypto
t.me/KadnimCrypto
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.