With BTC reversing strongly, other cryptos are following. ADA has recently re-entered the red area of support, bouncing strongly from it. Price action is so strong that that I'm seeing ADA (and other cryptos for that matter) having a great green week ahead.
Long term target would be the top resistance around 1,85. Always keep an eye on BTC when trading...
An unsuccessful attempt to fix the ADA price above the range $1.4-1.5 provoked a new wave of decline and returned market participants to consolidation. During 2021, the $0.9-1 range has saved the ADA market from total destruction for the fourth time. The importance of this range can also be seen in terms of trading volumes on June 22:
On the ADAUSDT we see the formation of a wedge pattern, also the price creates each new high without increasing volume, which means that the price can fall and collect stop losses under this key level of $1.108, after which I would look for an entry long opportunity.
Write in the comments all your questions and instrument analysis of which you want to...
OR will we fall further to a lower low after this run up; which would mean we are in Distribution?
Hi Everyone! I know I've been away a while. I'm still going to be away a while. Explanation in the video.
I discussed mainly the 8-hour and 12-hour time frames and compared them to the 2-minute time frame. We also looked at the 12-hour time frame for BTCUSD in...
Was this our Wyckoff spring? Looking at the Wyckoff accumulation schematics and I have mapped out the events on this chart.
Many are calling bear market, potential drop into distribution, etc. So much FUD and negativity at the moment.
Personally I HODL and wait. Looking forward to Alonzo upgrade and smart contracts. ADA has a bright future ahead.
Yesterday's forecast did not play out as expected. The broader market rebound was stronger than indicated, bringing prices to 1.31 before falling back towards 1.20, a bit higher than yesterday's close of 1.16. Support has been holding at 1.20 with prices ranging between 1.20 and 1.25, but ADA has been unable to find lasting support at 1.25.
Since $ADA didnt close below the 200D EMA, it seems that it is more bullish than other coins like $ETH.
Currently experiencing some selling from the previous support level now turned into resistance.
Stuck between multiple EMA's, if long put stop below yesterdays low and maybe allready shave some off here.
We will be monitoring $ADA closely.
ADAUSDT is getting interesting, price is testing this 4hr descending trendline in confluence with this horizontal resistance, a close back above this zone will be bullish and we will likely push up to the next level of supply. However important to say if we fail to break above the continuation to the downside will follow. Waiting for price to make a decision...
Hello traders and investors.
briefly enter long if breakout confirmed or swing short in case of confirmed rejection.
don't rush market is so risky.
it is not a piece of financial advice always do your own research.