Bullish reversal ADA, RSI climbing, new ATH in a few weeks.
Hi all!
It's a continuation of my previous post.
The reversal seems to be confirmed for ADA. ADA has been trading within a descending triangle for a very long time, and has tested the 1.50 price level three times now. It's very likely that a fourth time will follow, and will be successful!
We can see a close today of a bullish candle: the hammer. Which is a signal for bullish reversal.
The RSI reached a low level (for a bull market) of 44. Which is as low as it was before the biggest surge we've seen this year which started in December 2020. This surge meant a massive increase for ADA [0.15 to 1.50 USD]; 10X increase.
Once ADA breaks out of this pattern we'll soon forget about the 1.50 resistance and make ATH's way higher.
It's a continuation of my previous post.
The reversal seems to be confirmed for ADA. ADA has been trading within a descending triangle for a very long time, and has tested the 1.50 price level three times now. It's very likely that a fourth time will follow, and will be successful!
We can see a close today of a bullish candle: the hammer. Which is a signal for bullish reversal.
The RSI reached a low level (for a bull market) of 44. Which is as low as it was before the biggest surge we've seen this year which started in December 2020. This surge meant a massive increase for ADA [0.15 to 1.50 USD]; 10X increase.
Once ADA breaks out of this pattern we'll soon forget about the 1.50 resistance and make ATH's way higher.
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