Hello Traders!
At the moment the market is under selling pressure. Risky assets are losing more than the index (Bitcoin).
The ADA price is moving in a downtrend and is in an active trading range of $1.05 - $1.74
Support is in the $1.05 - $1.25 range
It is possible to look for purchases closer to the support level of $1.05. An acceptable range to open the deal is $1.05 - $1.15
The deal should be closed by the stop-loss if the price goes under the price level of $0.82
The targets will be the levels of
$1,74
$1,97
$2,33
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
At the moment the market is under selling pressure. Risky assets are losing more than the index (Bitcoin).
The ADA price is moving in a downtrend and is in an active trading range of $1.05 - $1.74
Support is in the $1.05 - $1.25 range
It is possible to look for purchases closer to the support level of $1.05. An acceptable range to open the deal is $1.05 - $1.15
The deal should be closed by the stop-loss if the price goes under the price level of $0.82
The targets will be the levels of
$1,74
$1,97
$2,33
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice