Yello, Paradisers! Are we about to see ADAUSDT explode, or is this just another trap for impatient traders? Let’s break it down!
💎ADAUSDT is looking solid after completing a proper double zig-zag corrective phase. The key to confirming the next move lies in breaking and closing a candle above the resistance level. If this happens, it significantly increases the probability of a bullish breakout. Why? Because ADA is still trading in the discount range of a descending channel, and we’re also seeing bullish divergence—a strong confluence signal for upside momentum.
💎However, if ADA pulls back or retraces further, the smartest play is to wait for inducement. Ideally, we want to see bullish structures form, such as a bullish I-CHoCH or well-known bullish patterns like a W formation or inverse head and shoulders on lower timeframes. If those confirmations appear, the probability of a bullish move shifts in our favor.
💎On the flip side, if ADA falls sharply or closes a candle below the support zone, it would invalidate our bullish scenario. This would likely extend the corrective wave into a deeper structure, signaling that it’s best to stay patient and wait for clearer price action.
🎖 Bottom line? The market is setting up for a major move—either a powerful breakout or a deeper retracement. Only those who wait for the right confirmations will come out on top. Stay disciplined, Paradisers! 🚀
MyCryptoParadise
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