💎 In our previous analysis of #ADAUSDT, we highlighted the short-term upside potential as the price traded near the bottom of the range. Since then, we've witnessed the formation of a double bottom in the bearish zone, followed by a breakthrough to our projected resistance level.
💎 The sentiment has now clearly shifted towards a bullish outlook for #ADA. The price has not only broken above the previous higher high but also rejected our key support level at $0.36. Currently, the resistance level could potentially transform into support, as indicated by the potential rejection of the trendline.
💎 This is a critical moment for #ADA. If the trendline holds, it could mark the beginning of a significant upward swing. However, a break below the trendline may push the price back towards the key support, leading to further consolidation.
💎 It is essential for our ParadiseClub members to monitor this development closely. Should #ADA reenter the bearish zone, the probability of further downside movement will significantly increase. Stay informed and trade wisely, Paradisers! 🌴
💎 The sentiment has now clearly shifted towards a bullish outlook for #ADA. The price has not only broken above the previous higher high but also rejected our key support level at $0.36. Currently, the resistance level could potentially transform into support, as indicated by the potential rejection of the trendline.
💎 This is a critical moment for #ADA. If the trendline holds, it could mark the beginning of a significant upward swing. However, a break below the trendline may push the price back towards the key support, leading to further consolidation.
💎 It is essential for our ParadiseClub members to monitor this development closely. Should #ADA reenter the bearish zone, the probability of further downside movement will significantly increase. Stay informed and trade wisely, Paradisers! 🌴
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✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
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.
Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
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.