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ADAUSDT: Have the Bulls Finally Returned? 🫣| Jan. 20, 2023This week, we will stick to the 4-hour time frame to analyze ADA’s price action in detail. The bulls have finally returned after a month of the bears maintaining a tight grip on the bulls. ADA has rallied by over 40% in the past two weeks after the sharp reversal earlier this month. The coin broke the stringent resistance at $0.3 and was able to extend the rally to $0.37 before pulling back. After making good moves, ADA fell back to the support at $0.33. At the time of writing, it seems like the price has reversed from the support level, and we may see a continuation of the rally soon. If a strong reversal is seen from the current levels, the price will start approaching the resistance at $0.38 soon. Traders must maintain caution as ADA is still close to the support and there are still chances of a breakdown. If a breakdown is seen, expect the price to fall to $0.30! We will maintain a bullish outlook on ADA until it maintains its position above the support at $0.33. The important price levels for this week are $0.33 and $0.38!
by CoinMarketCap
ADA/USDT 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this ADA/USD 1DAY chart update by CRYPTO SANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:-Cardano (ADA) Cardano is about to close 2022 as one of its worst years. With a new low in 2022 at $0.24, there seems to be no stop to the current downtrend. After losing 5.7% of its valuation in the past seven days, ADA is still in search of support. At this time, the most likely support level to stop the downtrend is found at $0.20. This key level may provide ADA with some relief because it could entice buyers to finally return after being absent for most of 2022. Looking ahead, the outlook for this cryptocurrency remains bearish after losing more than 92% of its valuation since its all-time high at above $3. Hopefully, in 2023, ADA will be able to find support and start a sustained reversal to recover some of these most recent losses. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
ADAUSDT - Be Ready for PARABOLIC AltSeasonHi Traders, Investors and Speculators 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫 ADAUSDT is another altcoin that I am extremely bullish on for the next altseason. However, the possibility exists that it might take a while to arrive, considering all the talks of an imminent recession for 2023. We're approaching a strong demand zone from 15c - 22c. From here, to expect a 300% increase is a modest target considering the last time that we hit this support zone the price increased 700%! It might take a while for the price to drop to this level, which is a hidden opportunity considering everyone will get ample time to bag up for the next parabolic rally. Interested in XRPUSDT ? Check out this idea 👀 _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
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by CryptoCheck-
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