ADA Long
Updated
Sharing my views on ADA.
Trading inside this triangle, and looks exciting for the next couple days/weeks ahead.
Scenario B is unlikely imo given wider market chance of short term pullback. Which to me sees ADA slipping into scenario A squeeze/consolidation before breakout potentially inline with timing of ADA news later this weekend.
Anywhere in remaining A zone looks like good consolidation to me and seeking opportunities to load up LONG.
Not financial advice.
Trading inside this triangle, and looks exciting for the next couple days/weeks ahead.
Scenario B is unlikely imo given wider market chance of short term pullback. Which to me sees ADA slipping into scenario A squeeze/consolidation before breakout potentially inline with timing of ADA news later this weekend.
Anywhere in remaining A zone looks like good consolidation to me and seeking opportunities to load up LONG.
Not financial advice.
Note
Fighting resistance line, looking likely to fall back into squeeze (A). I'm still bullish mid-long term lookng for good spots to add when RSI drops.
** Not trading advice*
Note
Trailing inside the squeeze area (A) as expected. Watching for any lower lows and keeping an eye on BTC over the coming days.
So far ADA price holding up well despite low interest/slightly oversold on RSI.
Keen to add more if it dips down towards the lower support as I see big upside in medium - longterm.
** Not trading advice**
Note
Was trading inside a smaller triangle within the Squeeze zone. Added as per my plan. Now broke the descending trendline. Will be watching closely this week.
Ultimately bullish imo, but prepared for another market pullback if it happens.
** Not trading advice **
Note
See my other ideas for a new shorter timeframe analysis. Still bullish/adding on.
** NOT TRADING ADVICE **
Like / follow for more
Related publications
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.