DU09

ADA/USD - Flat Trend / Consolidation. Wait for a breakout!

Giá lên
BINANCE:ADAUSDT   Cardano / TetherUS
ADA is in a flat/sideways trend. This is not the best trend to have if you want to make profits, at best you can try to buy support and sell resistance or short resistance to support. However, one cannot know when this trend will change, so best to wait for a breakout before entering into ADA.

On the bullish side, this can be considered a well deserved break for price to consolidate before moving higher. Volume has also decreased this month, so I don't expect anything significant to happen anytime soon. April should spice up things, especially if the overall market turns bullish.

Overall I remain bullish on ADA as the crypto bull market is still far away from being over, hence, ADA should make more gains in the future.

Like and follow if you liked this idea! Also join my crypto community to stay in touch!

📣 Find more Alpha by joining Your Crypto Community 🔰 LINKs BELOW 🔰

🔹 Over 5,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha

Likes and follows appreciated! 🚀
Thông báo miễn trừ trách nhiệm

Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.