$0.635 resistance level for $LSE:ADA is HUGE.... we've failed here 7+ times over the last 80+ days.
Once $LSE:ADA can close above/rip through this resistance we should see $0.77 quickly.
WHY I love this trade is the WEEKLY chart! it has been building under this level for months and the weekly chart basically has a GAP to fill to get back to $0.77 without a lot of major resistance levels
Swing Trade:
Entry: I've begun an entry into $LSE:ADA going long at $0.631 and looking to enter further on confirmation of a breakout.
SL: Fails often so I'm looking to stop out around $0.60.
**I may hedge/short if $BTC/
ETH start to pullback today or tomorrow while they hit resistance levels.
Once $LSE:ADA can close above/rip through this resistance we should see $0.77 quickly.
WHY I love this trade is the WEEKLY chart! it has been building under this level for months and the weekly chart basically has a GAP to fill to get back to $0.77 without a lot of major resistance levels
Swing Trade:
Entry: I've begun an entry into $LSE:ADA going long at $0.631 and looking to enter further on confirmation of a breakout.
SL: Fails often so I'm looking to stop out around $0.60.
**I may hedge/short if $BTC/
ETH start to pullback today or tomorrow while they hit resistance levels.Note
ADA looking strong here! Let's see if we're finally going to breakout. Had some turbulence today with a massive dump but trade looking strong.Note
Closed one of my longs for 34% (roughly 1/3rd) my position. This should see $0.77. I may look for a retrace & consolidation to re-enter. Looking strong!Can't be angry taking profits
Note
Boom! We're close to that $0.77 lvl. may see some consolidation afterwards but then on to $0.90
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.