ADA - will the bulls get in control?
Updated
ADA/USDT
The resistance drawn as the trendline is causing the bulls some problems for over a month now and ADA is one of the few top coins that did not get that »pump« lately.
There is an inverse head and shoulders formed and after retesting the $0.108 zone which serves as the support now I am positive that the price will break the resistance reaching the first target on the upside at $0.125. After that, we can see some consolidation, retest of the trendline and a strong push to the second target at $0.134.
Falling below the $0.108 would mean that the bears have the upper hand. Wait for the next candle to be formed.
Trade with your own risk.
#TradesBySheriff
The resistance drawn as the trendline is causing the bulls some problems for over a month now and ADA is one of the few top coins that did not get that »pump« lately.
There is an inverse head and shoulders formed and after retesting the $0.108 zone which serves as the support now I am positive that the price will break the resistance reaching the first target on the upside at $0.125. After that, we can see some consolidation, retest of the trendline and a strong push to the second target at $0.134.
Falling below the $0.108 would mean that the bears have the upper hand. Wait for the next candle to be formed.
Trade with your own risk.
#TradesBySheriff
Trade active
As expected the retouch for the support confirmation was made. Now let's see some upside!
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