ADA - Long-Term and Short-Term View!

Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.

📌Long-Term: Left Chart
ADA has been overall bearish for a while and it is now approaching a strong weekly demand zone in green.

ADA formed a valid channel in red but it is not ready to go yet!

For the bulls to take over from a long-term perspective, we need a break above the last major high in gray.

Meanwhile, until the buy is activated, ADA would be overall bearish and can still trade lower inside the demand zone .

In this case, as/if we dive inside the demand zone , we will be looking for short-term buy setups.

📌Short-Term: Right Chart
For the bulls to take over short-term, we need a break above the last major high from H4 (in orange)

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich