ADA break the support zone also and retested it. If ADA is unable to break the $1.4 area and hold above it then we will see more dumps in the coming days. This is no trade zone as ADA is now facing heavy resistance. The local support zone is $1.28-$1.30 and the major support zone is $1-$1.1 area.
I see ADA coming down to this support area before possibly breaking this support area, After that it all depends on what BTC does. Keep an eye on the BTC chart for ALT coin moves. When BTC moves ALT coins move with it and a bit more also.
Hi traders.
Breaking the trend line doesn't mean Trend Reversal.
just wait for EVIDENCE AND CONFIRMATION.
in This chart as you can see, Evidence and confirmation are happening but it just need some Volume and Momentum Shift to jump to higher levels.
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"LESS IS MORE"
Masoud Eskandari
Hello everyone, ADA is looking bearish right now and it will go lower and lower in the future.
I hope this video is going to be useful and never invest because you are afraid to lose an opportunity !
Have a nice day !
Currently, short-term excitement is hapening in the market with a lot of fluctuation!
we better be carful
after this, i guess market would run a good movement!
For taking long, wait for breaking the resistance
For taking short, wait for breaking the support
Attention!!! Don't take any position before the movement of market
Before using my chart, let's check my...
Its again a Inverted Cup & Handle. Looks Bearish from here with small pump to touch Handle peak. The Trendline will meet ~0.61 Low before going Bullish.
Enough of room downside with small probability to move up based on news pump.
Your View are welcome.
Note: This is pure technical analysis & i believe in trading the trend.
Refer long move trend pattern for more...
this chart has been analysed in 1 hour fluctuation of ada cardano and it has 2 channel yellow and blue.
yellow chart is based on long term and blue one short term channel.
if till 12 of july cardano stands in blue channel it will go maximum to 50 dollar by end of 2021 but
else, i expect .4 dollar for correction movement.
please take a look at elliptical sections...
Hello guys, in this video I talk about ADA and what our expectations regarding the general market should be.
I am expecting the altcoins to drop and BTC to start advancing in the future.
Feel free to use the comments below for questions or discussions.
Have a lovely day.
