ADA-4h. Buyers held a critical point of $0.25. What's next?

12 thg 1, 2021

The sharp change in the mood of the BTC market did not allow ADA buyers to reach our target of $0.4. In our previous idea, we noted that the critical point for continued growth is around $0.25.
Sellers tried to reverse the trend of buyers, but were able to leave behind only the wrong breakdown. Trading volumes increased during the fall in prices. However, the rebound from the mark of $0.25 began at the same volume.

The strength of the ADA market has leveled off. While the price is below the range of $0.296-0.302 to buy the coin is dangerous from current prices. If the current attempt of buyers to break through and consolidate above $0.296-0.302 is unsuccessful - the price of ADA will easily re-test the mark of $0.25.

The situation in the ADA market is negative. if you look at the 12-hour timeframe.

Buyers were unable to reverse the market situation within 24 hours. The next candle can start with a new wave of fall. So now it is better to wait for the breakthrough of critical points and join the stronger side.
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18 thg 1, 2021

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