200 MA and EMA is giving support, also ADA is moving under descending triangle which has a high probability of breaking upwards but keeping current market sentiments in mind I personally believe ADA is going down. But we have to observe the current price movement. If it breaks above then we can open long position for possible targets between 1.35 and 1.4 dollars and if it breaks down then price may go as low as 72 cents. Also open your trade after breakout confirmation. Moreover, all possible supports and resistances are given.
Not a financial advise. This is purely for educational purposes. Good luck and happy trading!
Not a financial advise. This is purely for educational purposes. Good luck and happy trading!
Bình luận:
ADA is now below 200 daily MA and EMA. Its very important for ADA to reclaim 200 daily EMA and MA support. If that is converted to resistance then look for dip entries.
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ADA respected descending triangle lower support and took a healthy bounce and currently trading above 200 MA/EMA (daily) . keep an eye on 1.15 support, ADA has to confirm the support above 1.15 only then we can hope for descending triangle break out.
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Currently testing heavy resistance at 1.21 and moving inside descending triangle. We need volume.
