ADA uppwards pressure
Looking at 4hr chart. ADA is creating higher lows and continues to apply pressure on the upwards resistance.
If pattern continues we will see break to the upside which has already started in the form of higher lows.
Observing the overall market..
BTC has broken to the upside and is working on creating a new all-time-high. This Is good and bad...
good because it means we are still in overall upwards trend and altcoins like ADA will follow.
not so good if you have weak stomach. Price will fluctuate drastically for altcoins as btc flows out of alts to BTC and back.
causing large moves in price.
Try to buy low and be ok with price moving below your purchase price. Or wait for ada to make breakout to upside and retest.
personally I play with profits so I will try to ride out the ups and downs.
possible ada can retest the upwards trendline around ~1.17 - 1.18
possible ada can break upwards with target around ~1.27 - 1.30
If pattern continues we will see break to the upside which has already started in the form of higher lows.
Observing the overall market..
BTC has broken to the upside and is working on creating a new all-time-high. This Is good and bad...
good because it means we are still in overall upwards trend and altcoins like ADA will follow.
not so good if you have weak stomach. Price will fluctuate drastically for altcoins as btc flows out of alts to BTC and back.
causing large moves in price.
Try to buy low and be ok with price moving below your purchase price. Or wait for ada to make breakout to upside and retest.
personally I play with profits so I will try to ride out the ups and downs.
possible ada can retest the upwards trendline around ~1.17 - 1.18
possible ada can break upwards with target around ~1.27 - 1.30
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