ADA's Situation: What can be done?
Updated
ADA is in a Parallel channel Which means the Side way Trend is Still Present. We can not be Sure If Cardano Can break this Channel and Increase to Higher Levels Because there is a Hidden Bullish Divergence (-HD) on MACD which Means the Price is gonna Decrease Soon! So Be careful With your Positions! In a few Days the Trend can be Recognized and we can take Position afterward with less Risk. If the Price Could Increase, It can reach The Resistance which Sits around 0.90$. If the Price Can't Break the Channel It will reach the Bottom of the channel and It will Reach 0.45$ Support zone.
-ADA is in a Parallel channel
-(-HD) on MACD
-No break out yet!
-if price increases, It will touch 0.90$
-if it Decreases, The Price will reach 0.45$
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
Thank you for seeing idea .
Have a nice day and Good luck
-ADA is in a Parallel channel
-(-HD) on MACD
-No break out yet!
-if price increases, It will touch 0.90$
-if it Decreases, The Price will reach 0.45$
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
Thank you for seeing idea .
Have a nice day and Good luck
Trade closed: target reached
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