ADA breaking out of descending parallel
ADA seems like its ready to do a proper rally from this point on. Its still consolidating against the 1.6 dollar resistance, which means there is still time left to enjoy the ride.
Bounced off clearly from 786 support, and didnt fall back into the descending channel.
Idea is to buy around current price and hold it until it reaches 1.93 and hopefully 2.3. Exit if it doesnt push the 1.6 barrier and starts to fall below the 786 fibo support.
Bounced off clearly from 786 support, and didnt fall back into the descending channel.
Idea is to buy around current price and hold it until it reaches 1.93 and hopefully 2.3. Exit if it doesnt push the 1.6 barrier and starts to fall below the 786 fibo support.
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.