#ADA Breaks Through Key Resistance: Is a Major Rally Ahead?
Updated
Yello, Paradisers! Could this be the moment #Cardano finally takes off, or are we facing another potential setback? Let's discuss the latest #ADA analysis:
💎After breaking through the descending resistance of its falling wedge pattern, #ADAUSDT is showing promising bullish momentum. But before we get too excited, let’s dive into the crucial levels and scenarios to determine the next probable move.
đź’ŽCurrently, #Cardano is approaching the demand zone around $0.313, a vital support level that could spark a new leg up. If
ADA rallies from here and breaks the $0.417 resistance level, we might witness a notable shift in market structure, potentially propelling the price toward higher resistance targets.
đź’ŽIfADA fails to hold this demand zone, it could slip down to test the critical support between $0.274-$0.290. This range, aligning with a previous low, acts as a crucial price floor. For the bullish outlook to stay intact, ADA must reclaim the $0.313 level with strength. Any sustained move below this level could indicate a breakdown.
đź’ŽOn the other hand, if a daily close occurs under the $0.274 support, the bullish case would be invalidated, puttingADA at risk of setting a new lower low. Such a scenario would significantly increase the likelihood of further declines.
Always aim for precision and keep a close eye on the critical zones to maximize your trading edge.
MyCryptoParadise
iFeel the success🌴
💎After breaking through the descending resistance of its falling wedge pattern, #ADAUSDT is showing promising bullish momentum. But before we get too excited, let’s dive into the crucial levels and scenarios to determine the next probable move.
đź’ŽCurrently, #Cardano is approaching the demand zone around $0.313, a vital support level that could spark a new leg up. If
ADA rallies from here and breaks the $0.417 resistance level, we might witness a notable shift in market structure, potentially propelling the price toward higher resistance targets.đź’ŽIf
ADA fails to hold this demand zone, it could slip down to test the critical support between $0.274-$0.290. This range, aligning with a previous low, acts as a crucial price floor. For the bullish outlook to stay intact, ADA must reclaim the $0.313 level with strength. Any sustained move below this level could indicate a breakdown.đź’ŽOn the other hand, if a daily close occurs under the $0.274 support, the bullish case would be invalidated, putting
ADA at risk of setting a new lower low. Such a scenario would significantly increase the likelihood of further declines.Always aim for precision and keep a close eye on the critical zones to maximize your trading edge.
MyCryptoParadise
iFeel the success🌴
Trade closed: target reached
đź’ŽBoom! #ADAUSDT is doing just what we said. Up 106.11% and looking good.
Do you Want to start trading like a PRO?
Follow a team of traders with 10+ years of experience?
GO FREE👉 t.me/+BPd2gjl6OHZjYmQ0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Follow a team of traders with 10+ years of experience?
GO FREE👉 t.me/+BPd2gjl6OHZjYmQ0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
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.