ADA- Bullish Strides, Bearish Potential
ADA continues to perform optimally making considerable bullish strides moving into 3.00.
Is ADA near the top? While unclear if ADA is at its top what is clear is ADA is nearing a top suggesting a reversal into a bearish trend or horizontal channel.
What to look for/Analysis? While we fully expect ADA to continue to rise as it is in a bullish trend we should start to look for signs of a reversal. The key here is the tests of the bottom end of the trend and furthermore the testing of previous lows.
Strategy: As ADA is overall bullish at the moment we will continue to look for buy setups on the retest of support levels. However, We will look to see if ADA breaks the trend and wait for it to establish a low lower than the previous low. We can then suggest the potential for a bearish/horizontal movement and adjust accordingly.
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Posts every M / W / F
Is ADA near the top? While unclear if ADA is at its top what is clear is ADA is nearing a top suggesting a reversal into a bearish trend or horizontal channel.
What to look for/Analysis? While we fully expect ADA to continue to rise as it is in a bullish trend we should start to look for signs of a reversal. The key here is the tests of the bottom end of the trend and furthermore the testing of previous lows.
Strategy: As ADA is overall bullish at the moment we will continue to look for buy setups on the retest of support levels. However, We will look to see if ADA breaks the trend and wait for it to establish a low lower than the previous low. We can then suggest the potential for a bearish/horizontal movement and adjust accordingly.
Best of Luck Like/Follow For More.
Posts every M / W / F
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