ADA-6h. The next target is $0.25.
A good trading situation has emerged in the ADA market. Buyers managed to break the global critical level of $0.171. 6 weeks of struggle for this mark gave the result.
On large volumes, the ADA set a new local high of $0.197. Now sellers are testing the strength range of $0.171-0.18. Trading volumes during the local fall are low. So there is no serious pressure from sellers and the way to the $0.25 mark is free.
We will consider an alternative scenario of price movement only if the sellers are fixed below $0.171. Then the price of ADA will return to the triangle and consolidation will continue. However, the current situation in the cryptocurrency market does not inspire such a scenario.
_________________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!
On large volumes, the ADA set a new local high of $0.197. Now sellers are testing the strength range of $0.171-0.18. Trading volumes during the local fall are low. So there is no serious pressure from sellers and the way to the $0.25 mark is free.
We will consider an alternative scenario of price movement only if the sellers are fixed below $0.171. Then the price of ADA will return to the triangle and consolidation will continue. However, the current situation in the cryptocurrency market does not inspire such a scenario.
_________________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!
🎁 -20% on ALL trading fees OKX
okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
Related publications
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.