Cardano / TetherLong
ADA bull run
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Never risk more than you can afford to lose.
Always DYOR.
ADA has already started a new bull run which may end to top resistance level which will discuss in following phrases.
ADA surged from a strong suport zone which was formed due to a monthly pivot, $0.80, (in red) its trigger line was broken on $1.004 then rallied up. After breaking the trigger line next was a strong resistance level of a weekly pivot on $1.02, due to this strong and major pivot a pullback will be formed.
The next phase starts when ADA obtain enough power from aforementioned weekly flipped level then will rally toward $1.24, $1.45, $1.64 and $2.07 respectively, all these levels are minor because they belong to daily time frame (all green) so, there is hope that in case ADA obtain enough support from bulls on the weekly pivot zone then it will easily break all these aforementioned levels
ADA may even reach to $2.41 resistance zone (in blue) , since it is another major pivot hence that level will be tough enough and ADA by then may lose its momentum and drop down.
this is a mid term analysis for ADA.
This is personal idea and I am not a financial adviser.
Never risk more than you can afford to lose.
Always DYOR.
ADA has already started a new bull run which may end to top resistance level which will discuss in following phrases.
ADA surged from a strong suport zone which was formed due to a monthly pivot, $0.80, (in red) its trigger line was broken on $1.004 then rallied up. After breaking the trigger line next was a strong resistance level of a weekly pivot on $1.02, due to this strong and major pivot a pullback will be formed.
The next phase starts when ADA obtain enough power from aforementioned weekly flipped level then will rally toward $1.24, $1.45, $1.64 and $2.07 respectively, all these levels are minor because they belong to daily time frame (all green) so, there is hope that in case ADA obtain enough support from bulls on the weekly pivot zone then it will easily break all these aforementioned levels
ADA may even reach to $2.41 resistance zone (in blue) , since it is another major pivot hence that level will be tough enough and ADA by then may lose its momentum and drop down.
this is a mid term analysis for ADA.
This is personal idea and I am not a financial adviser.
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