ADA - Bullish Rally? Targets, What to look for.
ADA has made a major move from 1.45 to 1.89 confirming a bullish sentiment and breaking previous lows set by the previous bear trend.
Analysis: Per the conditions of the confirmed bullish trend we fully expect ADA to continue to make higher highs/lows. What I'm looking for is ADA to solidify a support level. Currently, with such strong bullish strides, ADA is in an overbought position. I am looking for ADA to make a pullback of some sort and continue to rise per the conditions of a bullish movement.
Strategy: ADA faces resistance as it approaches 2.00. While bullish It is unclear whether ADA will have the support needed to break the 2.00 resistance. Regardless, Overall we expect ADA to continue to rise. Short term some pullback is expected and healthy for the movement. Therefore currently, I look to hold and look for potential buy setups if ADA corrects into a support zone.
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Analysis: Per the conditions of the confirmed bullish trend we fully expect ADA to continue to make higher highs/lows. What I'm looking for is ADA to solidify a support level. Currently, with such strong bullish strides, ADA is in an overbought position. I am looking for ADA to make a pullback of some sort and continue to rise per the conditions of a bullish movement.
Strategy: ADA faces resistance as it approaches 2.00. While bullish It is unclear whether ADA will have the support needed to break the 2.00 resistance. Regardless, Overall we expect ADA to continue to rise. Short term some pullback is expected and healthy for the movement. Therefore currently, I look to hold and look for potential buy setups if ADA corrects into a support zone.
Best of luck, Like/Follow for more.
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