ADA: The STRONGEST support level!
Hey guys, this is Julie 😊
Let's analyze ADA:
Today it has been a week since my first analysis of ADA, and it is at the same price level as before.
I like to look at the weekly chart because I am aiming for the long term, and this chart tells me more than the others.
Although ADA has been dropping for some time, I still feel comfortable with it because of this strong support level (green line).
It has been in this same region for 3 weeks, which has served as support many times before.
If by some chance this green support level is lost, I think ADA will target another support level, the pink line. I really don't think it can go below this level.
I see no reason at all to short ADA or to sell my position - high risk for little reward. I really believe (and hope) that it will rise from this point, I just don't know when.
As I said before, I really believe that soon the ADA will recover and go up. I really like this crypto and I trust its potential.
Let's see what will happen from here.
Thank you for reading my analysis! If you like this idea, please subscribe! 😍
Have a nice day, bye bye! 😊
Let's analyze ADA:
Today it has been a week since my first analysis of ADA, and it is at the same price level as before.
I like to look at the weekly chart because I am aiming for the long term, and this chart tells me more than the others.
Although ADA has been dropping for some time, I still feel comfortable with it because of this strong support level (green line).
It has been in this same region for 3 weeks, which has served as support many times before.
If by some chance this green support level is lost, I think ADA will target another support level, the pink line. I really don't think it can go below this level.
I see no reason at all to short ADA or to sell my position - high risk for little reward. I really believe (and hope) that it will rise from this point, I just don't know when.
As I said before, I really believe that soon the ADA will recover and go up. I really like this crypto and I trust its potential.
Let's see what will happen from here.
Thank you for reading my analysis! If you like this idea, please subscribe! 😍
Have a nice day, bye bye! 😊
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.