TradingView
DU09
Jan 30, 2021 2:13 PM

ADA/USD - Aiming for $0.40! Long

Cardano / TetherUSBinance

Description

ADA broke out of this pennant and now it has re-tested it as support. This paves the way clear for new highs.

The first major resistance is at just under $0.40 which I expect us to re-test soon looking at the price action. Indicators are curving up nicely and we also got a lovely 4h green candle here.

Volume is a bit low on this move, so we need to keep an eye on that. But the pump yesterday gave a good signal ADA wants to go higher.

Like and follow if you liked this idea!
Comments
Floridian2022
Thank you very much for your analysis
abel11
You are on the mark, I support you.
More