ADA - Shows Potential for Bullish Reversal. Should you Buy/Hold?
ADA has gathered support inside the 1.12-1.00 support zone at 1.05 for a bullish rally
Analysis:
Conditions were ripe for some sort of bullish reversal as ADA and many Alts were burning a lot of price going into their respective support zones suggesting some sort of bounce.
Should you buy/hold:
That said, it is unclear whether this rally will have enough energy to break the 1.20-1.23 resistance area and attempt a major reversal.
I would look for buy setups again if ADA was to break 1.20-1.23 resistance area with at least a 4hr candle at 1.23.
Best of luck, Like/Follow for more.
Analysis:
Conditions were ripe for some sort of bullish reversal as ADA and many Alts were burning a lot of price going into their respective support zones suggesting some sort of bounce.
Should you buy/hold:
That said, it is unclear whether this rally will have enough energy to break the 1.20-1.23 resistance area and attempt a major reversal.
I would look for buy setups again if ADA was to break 1.20-1.23 resistance area with at least a 4hr candle at 1.23.
Best of luck, Like/Follow for more.
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