📈ADA: the support area hold the price! Where to open long?
Updated
After the last idea of ADA only the trendline is changing. The price return to the support value area of $0.45-0.48 and volume isn`t grow as expected.
The volume growth should show to us the pressence of buyer but after the such massive dump maybe the whales don`t need additional liquidity and ready to the pump after the squeeze and trendline breakout.
As i mention before, the targets are in many ways depends on BTC growth. If BTC starts to pump ADA can reach all the value areas:
🔶 $0.51-0.52
🔶 $0.55-0.57
🔶 $0.62-0.64
Now we see how ADA almost copy BTC movements so to open a long keep an eye on the top-1 crypto. If BTC reach 23-25k at least 2 of 3 targets will be reached also.
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
The volume growth should show to us the pressence of buyer but after the such massive dump maybe the whales don`t need additional liquidity and ready to the pump after the squeeze and trendline breakout.
As i mention before, the targets are in many ways depends on BTC growth. If BTC starts to pump ADA can reach all the value areas:
🔶 $0.51-0.52
🔶 $0.55-0.57
🔶 $0.62-0.64
Now we see how ADA almost copy BTC movements so to open a long keep an eye on the top-1 crypto. If BTC reach 23-25k at least 2 of 3 targets will be reached also.
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
Trade active
First target are reached. BTC is still in local consolidation, we should wait for upcoming strong movement.
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