By analyzing the 
ADA chart on the 3 day timeframe, we can see that price finally dropped to 0.38, which confirms the bearish pressure we talked about earlier. ADA is now trading near 0.40 and the chart still looks weak. Buyers are not showing real strength and momentum is clearly on the sellers’ side.
If the drop continues, the next downside target I am watching is 0.36. Make sure you monitor price reaction at this level.
From my perspective, the 0.32 to 0.36 zone is a possible long term accumulation area for investors who use proper risk management and do their own research (DYOR).
For now the bias stays bearish until ADA reclaims strong levels with real demand.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
ADA chart on the 3 day timeframe, we can see that price finally dropped to 0.38, which confirms the bearish pressure we talked about earlier. ADA is now trading near 0.40 and the chart still looks weak. Buyers are not showing real strength and momentum is clearly on the sellers’ side.If the drop continues, the next downside target I am watching is 0.36. Make sure you monitor price reaction at this level.
From my perspective, the 0.32 to 0.36 zone is a possible long term accumulation area for investors who use proper risk management and do their own research (DYOR).
For now the bias stays bearish until ADA reclaims strong levels with real demand.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
⚜️ Free TG Channel : t.me/PriceAction_ICT
✅ Trade directly on TradingView with Opo 👉 bit.ly/4nw4Dzz
✅ OneBullEx | Spartan Arena
Real-market trading competition
onebullex.com/register?inviterCode=7KmSDn
✅ Trade directly on TradingView with Opo 👉 bit.ly/4nw4Dzz
✅ OneBullEx | Spartan Arena
Real-market trading competition
onebullex.com/register?inviterCode=7KmSDn
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
⚜️ Free TG Channel : t.me/PriceAction_ICT
✅ Trade directly on TradingView with Opo 👉 bit.ly/4nw4Dzz
✅ OneBullEx | Spartan Arena
Real-market trading competition
onebullex.com/register?inviterCode=7KmSDn
✅ Trade directly on TradingView with Opo 👉 bit.ly/4nw4Dzz
✅ OneBullEx | Spartan Arena
Real-market trading competition
onebullex.com/register?inviterCode=7KmSDn
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.