We've seen a shift in direction and sentiment over the last two days in crypto. With Bitcoin and many alts showing the first signs of reversal, it's time to look for over performing alts on the verge of breaking out.
ADA is one of the tokens on my radar.
ADA has been trading bearish since it hit $3 all the way back in September. Compared to then, it lost over 50% of its value.
This makes ADA a potential winner in the mid-term. After a massive sell-off, big pumps are more likely to occur.
With ADA on the verge of breaking through the downtrend, we might see such a pump. My main area of interest is the $1.40 resistance. A daily close above there could signal a prolonged bullish move. Target at $1.75. Be aware that a rejection of the bearish trend line could indicate a move to $1.20 or so.
Happy trading!
ADA is one of the tokens on my radar.
ADA has been trading bearish since it hit $3 all the way back in September. Compared to then, it lost over 50% of its value.
This makes ADA a potential winner in the mid-term. After a massive sell-off, big pumps are more likely to occur.
With ADA on the verge of breaking through the downtrend, we might see such a pump. My main area of interest is the $1.40 resistance. A daily close above there could signal a prolonged bullish move. Target at $1.75. Be aware that a rejection of the bearish trend line could indicate a move to $1.20 or so.
Happy trading!
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