Hello Traders!
ADA price broke out of the downtrend, after which it returned to the consolidation range of $0.92 - $1.05
For a short-term trade, you can look for buy entry points near the current price values of $0.90 to $0.98. A less risky option is to wait for the price to consolidate above the resistance level of $1.05 and MA100 on the daily timeframe.
The targets will be the price levels of $1.48 and $1.74.
The deal should be closed by a stop-loss only in case of the price falls below the price level of $0.66.
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
ADA price broke out of the downtrend, after which it returned to the consolidation range of $0.92 - $1.05
For a short-term trade, you can look for buy entry points near the current price values of $0.90 to $0.98. A less risky option is to wait for the price to consolidate above the resistance level of $1.05 and MA100 on the daily timeframe.
The targets will be the price levels of $1.48 and $1.74.
The deal should be closed by a stop-loss only in case of the price falls below the price level of $0.66.
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice