ADA UPDATE! DON'T LET THIS CATCH YOU OFF GUARD!
So as I've been analyzing charts all morning, I'm starting to see a recurrent possibility coming soon for A LOT of coins!
If you feel your trading skills are good enough, YOU COULD TRADE THIS . It's more risky than HODLING so don't try and do too much!
So basically, I EXPECT ADA TO HEAD UP NEAR THE $2.45- $2.55 area BUT THEN I DO EXPECT A REJECTION and I FEEL PRETTY CONFIDENT ABOUT THIS!
It will likely play out similar to the green oval left side of chart. We will see a rejection followed by a fast DROP to $2.00 area AND LASTLY A BIG BOUNCE!
So if you're already holding and trading this, I WOULD SELL/SHORT around the $2.50 area and have a BUY/LONG around the $2.00 area!
After that should be smooth sailing!
IF YOUR NOT TRADING and INSTEAD YOU'RE HODLING just be aware that this pattern likely will happen and no need to panic sell!
Hope everyone has a good weekend!
I LEFT A LINK TO MY LAST ADA IDEA BELOW, CONSIDER THIS AN UPDATE!
If you feel your trading skills are good enough, YOU COULD TRADE THIS . It's more risky than HODLING so don't try and do too much!
So basically, I EXPECT ADA TO HEAD UP NEAR THE $2.45- $2.55 area BUT THEN I DO EXPECT A REJECTION and I FEEL PRETTY CONFIDENT ABOUT THIS!
It will likely play out similar to the green oval left side of chart. We will see a rejection followed by a fast DROP to $2.00 area AND LASTLY A BIG BOUNCE!
So if you're already holding and trading this, I WOULD SELL/SHORT around the $2.50 area and have a BUY/LONG around the $2.00 area!
After that should be smooth sailing!
IF YOUR NOT TRADING and INSTEAD YOU'RE HODLING just be aware that this pattern likely will happen and no need to panic sell!
Hope everyone has a good weekend!
I LEFT A LINK TO MY LAST ADA IDEA BELOW, CONSIDER THIS AN UPDATE!
Comment:
I THOUGHT ADA WOULD HEAD UP TO THE YELLOW RESISTANCE SOONER BUT WE"RE STILL IN A SQUEEZE! It's possible for a drop to the 2.00 area however I think it would be bought up quickly. IT IS looking like a quick wick bounce may be necessary for the breakout!
