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DU09
Mar 31, 2021 6:31 PM

ADA/USD - Flat Trend / Consolidation. Wait for a breakout! Long

Cardano / TetherUSBinance

Description

ADA is in a flat/sideways trend. This is not the best trend to have if you want to make profits, at best you can try to buy support and sell resistance or short resistance to support. However, one cannot know when this trend will change, so best to wait for a breakout before entering into ADA.

On the bullish side, this can be considered a well deserved break for price to consolidate before moving higher. Volume has also decreased this month, so I don't expect anything significant to happen anytime soon. April should spice up things, especially if the overall market turns bullish.

Overall I remain bullish on ADA as the crypto bull market is still far away from being over, hence, ADA should make more gains in the future.

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Comments
aghaders28472
Thank you for this. ADA is my fav crypto.
DU09
ThinkLikeaWhaleTLAW
Great setup and info.
The rise up will be epic. Just in its cool down period.
Be crazy as a serious crypto holder not to have this one in your bags.
Appreciate. Great work as always
Helena365
What a interesting view! Than you!
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