ADA is inside a huge valid triangle with strong support at bottom, that we have seen several unsuccessful attempts to break it down, therefore it might be possible to see repeated attempts. On the other hand the resistance is really tough which now at the time of publishing this idea, is at the crossing of Dynamic and Static strong daily resistance.
At the bottom I have cleared for you the support area with a box, which has recently played out as the demand area. And you can find the next two strong daily supports yellow lines.
It seems safer to open positions long or short, out of this triangle, only after the confirmed retest of the triangle. We have seen several Fake break outs to upside and downside, from this lovely coin recently.
Trade safely and good luck!
This is my personal opinion and please do your own analysis before taking any position and enter any position only after assuming you as the responsible person.
At the bottom I have cleared for you the support area with a box, which has recently played out as the demand area. And you can find the next two strong daily supports yellow lines.
It seems safer to open positions long or short, out of this triangle, only after the confirmed retest of the triangle. We have seen several Fake break outs to upside and downside, from this lovely coin recently.
Trade safely and good luck!
This is my personal opinion and please do your own analysis before taking any position and enter any position only after assuming you as the responsible person.