Helical_Trades

ADA/USDT : Bullish continuation or reversal rejection ?

BINANCE:ADAUSDT   Cardano / TetherUS
BINANCE:ADAUSDT
Hello everyone 😃
Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it !

#ADA is moving in a descending channel currently and so there was a bullish divergence on a lower low into 2D Demand zone .
It just resulted in a nice push to the upside.
Expecting this to stall at around 1.6 then I'll see what develops.

📚 Two main opportunities I'm looking at for a long:
- Reclaim resistance between $1.655- $1.708 (would be a break of the channel resistance also)
- If we drop back and develop equal lows within the 2D demand, I may look at a long there also.

📌 Also I would point to an aggressive SHORT if we lose the bullish momentum on channels higher head back to the 2D demand !

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@Helical_Trades

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