ADA/USDT A pull back to 1.8 for ADA then a bounce to the upside.
Let's be realistic here, the market for ADA is quite extended right now so expect a pullback then a bounce off to the upside. This is looking very bullish especially with the smart contract on the side so expect to break the all-time high.
The RSI is above 80 so look out for the prices to either stay stable or correct itself to around the $1.9 level. I still believe that after this correction (I may be wrong), the prices will likely go parabolic as it has proven before.
A good opportunity to buy right now would be patient for a pullback to 1.8-1.9 or a market crash (anything can happen in crypto as we've seen it before). You could indeed short right now but add a stop loss at about $2.2 because we've seen how bullish ADA has been in the past week. You may hate me to say short right now you have to sometimes be a bear and sometimes a bull to be a good trader.
Good Luck EVERYONE and don't trade money you can't afford to lose!
The RSI is above 80 so look out for the prices to either stay stable or correct itself to around the $1.9 level. I still believe that after this correction (I may be wrong), the prices will likely go parabolic as it has proven before.
A good opportunity to buy right now would be patient for a pullback to 1.8-1.9 or a market crash (anything can happen in crypto as we've seen it before). You could indeed short right now but add a stop loss at about $2.2 because we've seen how bullish ADA has been in the past week. You may hate me to say short right now you have to sometimes be a bear and sometimes a bull to be a good trader.
Good Luck EVERYONE and don't trade money you can't afford to lose!
