ADAUSD has been accumulating for a couple weeks, ranging in the .28-.34 range. We have some good momentum right now, and if we close above the .38 then we could see another pump. The fundamentals behind ADA also support a future movement in the upward range, as they have several release planned for this year.
One to watch. Place your stop-loss just below .34 (in my opinion), to guard against a possible wash-out before we test ATH again.
One to watch. Place your stop-loss just below .34 (in my opinion), to guard against a possible wash-out before we test ATH again.
Comment:
@humorousProfile pointed out that the actual ATH of ADAUSD is at 1.30. Thanks!