ADA is getting ready for a massive breakout 🚀
ADA has seen some incredible growth in the last 2 months and it is definitely not about to stop.
Here we can see ADA trading a beautiful ascending triangle and a break out to the upside of this triangle would send ADA past the 1 dollar mark for sure. We are very ready to trade this and hope you are too.
Here is how we will do it. We will see if the 0.88 cent area holds as support and if so we will look for a good entry to go long from there as this lines up with our trend line as well as the green ichimoku cloud on the 1hr, my only concern is the that the top of the green ichimoku cloud on the 4hr is quite a bit further down and we can see the price fall as far back to that level.
If this 0.88 cent area does not hold as support we will look for an entry at a lower support level but in that scenario the safest trade might just be a momentum long above the previous high at the 0.96 cent area.
Here we can see ADA trading a beautiful ascending triangle and a break out to the upside of this triangle would send ADA past the 1 dollar mark for sure. We are very ready to trade this and hope you are too.
Here is how we will do it. We will see if the 0.88 cent area holds as support and if so we will look for a good entry to go long from there as this lines up with our trend line as well as the green ichimoku cloud on the 1hr, my only concern is the that the top of the green ichimoku cloud on the 4hr is quite a bit further down and we can see the price fall as far back to that level.
If this 0.88 cent area does not hold as support we will look for an entry at a lower support level but in that scenario the safest trade might just be a momentum long above the previous high at the 0.96 cent area.