CARADANO - Quick Analysis: Strong Upward Movement.
ADA has seen a strong uptrend form since breaking out of it's descending channel last week.
We can see the price just bounced off two notable EMA's, 50 & 100, with a bounce two weeks ago off 200. This is a strong sign of strength.
Indicators looking decent, I've noted analysis on the chart.
If ADA continues this trend, I believe it will hit the next fib level within the next couple weeks.
TP @ .12595, SL around 8%-10%. If it breaks the ascending channel we can expect another retest of one of the previous support levels.
This seems unlikely to me as it has shown notable strength for a while now.
--
I'm a guy that you don't know posting his ideas on the internet for the sake of improving as a human being. If you take this as financial advice, that's on you.
If you like my analysis, then leave a like and feel free to follow for more free content. Feedback, criticism and crude humor are welcome :)
We can see the price just bounced off two notable EMA's, 50 & 100, with a bounce two weeks ago off 200. This is a strong sign of strength.
Indicators looking decent, I've noted analysis on the chart.
If ADA continues this trend, I believe it will hit the next fib level within the next couple weeks.
TP @ .12595, SL around 8%-10%. If it breaks the ascending channel we can expect another retest of one of the previous support levels.
This seems unlikely to me as it has shown notable strength for a while now.
--
I'm a guy that you don't know posting his ideas on the internet for the sake of improving as a human being. If you take this as financial advice, that's on you.
If you like my analysis, then leave a like and feel free to follow for more free content. Feedback, criticism and crude humor are welcome :)
Come hang out with me on telegram, it's free and I won't be too mean too mean to you:
t.me/KadnimCrypto
t.me/KadnimCrypto
Bài đăng liên quan
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.