ADA - Just a quick update on ADA guys. So the Daily candle is a Bullish Engulfing candle which suggests ADA will attempt a 3rd time to break free from this resistance.
I think the rest of the market being so bullish and BTC setting NEW ATH today helped keep ADA away from the 2.00 area FOR NOW!
It's important to see what happens here soon and if ADA can at least break this resistance.
If it does id say there's a good chance for a little relief rally maybe to the $2.40 area before a small pullback and then continuation to the upside!
SO MAYBE, WE MIGHT NOT SEE THOSE LOWER TARGETS OF $2.00 - $1.90
I DO BELIEVE WE WILL GET A BETTER IDEA VERY SOON AS TO WHERE THIS IS GOING!
This IDEA is more relevant for TRADERS or people opening a LONG with high leverage who don't want to get liquidated. IF you're not day trading or opening a long with leverage then this IDEA is kind of IRRELAVENT BECAUSE MY PREDICTION FOR ADA IN THE NEXT 3 MONTHS IS VERY BULLISH and I think you'll be just fine whether you buy here or lower IT DOESN'T MATTER MUCH.
IF your using LEVERAGE then YES IT DOES MATTER WHERE YOU BUY IN and it is IMPORTANT TO MAKE SURE YOU'RE NEAR THE BOTTOM!
Without leverage, IF YOU WANT TO BUY AND HOLD FOR A FEW MONTHS I THINK THERE IS NOTHING WRONG WITH THAT FROM THIS POSITION .
** OF COURSE THESE ARE JUST MY IDEAS BASED OFF OF MY EXPERIENCE. ALWAYS DO YOUR OWN RESEARCH BEFORE INVESTING***
I think the rest of the market being so bullish and BTC setting NEW ATH today helped keep ADA away from the 2.00 area FOR NOW!
It's important to see what happens here soon and if ADA can at least break this resistance.
If it does id say there's a good chance for a little relief rally maybe to the $2.40 area before a small pullback and then continuation to the upside!
SO MAYBE, WE MIGHT NOT SEE THOSE LOWER TARGETS OF $2.00 - $1.90
I DO BELIEVE WE WILL GET A BETTER IDEA VERY SOON AS TO WHERE THIS IS GOING!
This IDEA is more relevant for TRADERS or people opening a LONG with high leverage who don't want to get liquidated. IF you're not day trading or opening a long with leverage then this IDEA is kind of IRRELAVENT BECAUSE MY PREDICTION FOR ADA IN THE NEXT 3 MONTHS IS VERY BULLISH and I think you'll be just fine whether you buy here or lower IT DOESN'T MATTER MUCH.
IF your using LEVERAGE then YES IT DOES MATTER WHERE YOU BUY IN and it is IMPORTANT TO MAKE SURE YOU'RE NEAR THE BOTTOM!
Without leverage, IF YOU WANT TO BUY AND HOLD FOR A FEW MONTHS I THINK THERE IS NOTHING WRONG WITH THAT FROM THIS POSITION .
** OF COURSE THESE ARE JUST MY IDEAS BASED OFF OF MY EXPERIENCE. ALWAYS DO YOUR OWN RESEARCH BEFORE INVESTING***
Comment:
ADA DID GET REJECTED A 3RD TIME. If you're HODLING, NO WORRIES HERE but don't be surprised if ADA breaks below the bottom yellow support line and heads to the $2.00, $1.90, or even the $1.80 area to get the strength it needs to blast off! I don't think it will spend a long time down there if it even goes down there at all. ALL I KNOW is IF I SEE ADA head down to that RED SUPPORT AREA I WILL BE PUTTING IN A 20X LONG POSITION! . I'll make a better, more updated chart later for you guys. I'm just a little busy now! Thanks for all your likes and follows. I appreciate all of you!
