Get started
GetSet

ADA made W Bullish Formation UP TO 2$

Long
ADA Perpetual Futures Contract (BINANCE:ADAUSD.P)  
GetSet  
BINANCE:ADAUSD.P   ADA Perpetual Futures Contract
Trend Analysis Chart Patterns Technical Indicators ADA adausd Technical Analysis LONG Bullish Patterns breakout educational uptrend
5
4
trendanalysis chartpattern indicator ada adausd technicalanalysis long bullish breakout educational uptrend
On the 4 hours chart, ADA has formed a bullish W shape that has broken through the resistance level.
After that ADA re-tested the previous resistance, now a support zone with rejection and possible upward continuation.
This was caused by the breakout of the BTC bull flag formation.

1 TARGET: 1.485$ (highest peak)
2 TARGET: 1.675$
3 TARGET: 2$

If you like such ideas, please leave a like and follow this channel so you don't miss another analysis.

This is NOT a FINANCIAL ADVICE. This is just my point of view on the current situation.
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.