ADA 4H Chart - Potentially may move down in the short-term.
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.
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.
But for now I'm bullish.