Hello TradingView community and my subscribers, please if you like ideas do not forget to support it with your like and comment, thank you so much and we will start.
Today I want talk with you about ADA.
Now ada trades in falling wedge, this pattern can push the price to ATH and new highs about 1.618 Fib and level 3.85 USD.
27th October price bounced from support level 1.87 which match with down part of falling wedge.
Our targets around 3.85 and Fib 1.618 also match with resistance line of previous highs.
After price will exit from falling wedge upward I expect good movement up.
Always use SL in your trading and proper risk management, this is very important to become a professional trader.
TA is one thing, but market sentiment is not favoring the ada ecosystem right now. It's all about polkadot ecosystem upcoming parachain auctions, nfts, gaming, and meta verse coins. Good luck but ada won't be mooning anytime soon
kelashp9
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@JesseHCollins, thanks for your kind cooperation. Should i buy bitcoin today price?
@JesseHCollins, "market sentiment is not favoring the ada ecosystem right now". Yes, the market loves the Doge, Shiba, etc, which means, we don't have to care about the market (I'd say mass).