ADA has seen an amazing run during august, rising by almost 200% in a matter of weeks.
As off this week, ADA is seeing a strong correction. The $3 resistance held several times, and ultimately led to a price drop of almost 20%.
However, this move does not mean that we're going to see more bearishness from ADA. On the contrary, we're currently still trading inside a bullish channel. At this point, we're closing in on both the channel support trend line as the previous ATH, based around $2.45.
I'm expecting a strong reversal from this area, given that BTC will not dump much further.
Main target for the reversal move is the current ATH around $3, second longer term target is based around the $3.50 area.
Happy trading!
As off this week, ADA is seeing a strong correction. The $3 resistance held several times, and ultimately led to a price drop of almost 20%.
However, this move does not mean that we're going to see more bearishness from ADA. On the contrary, we're currently still trading inside a bullish channel. At this point, we're closing in on both the channel support trend line as the previous ATH, based around $2.45.
I'm expecting a strong reversal from this area, given that BTC will not dump much further.
Main target for the reversal move is the current ATH around $3, second longer term target is based around the $3.50 area.
Happy trading!
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🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
相關出版品
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。