In Continuation of my previous Idea, ADA looks it Found a Strong Support on 100 MA on 4hr chart and 50 MA on 1 Day Chart, can go back to 1$ and more. Note- can go also retest 5000 sat before heading up.
I am Not an Adviser but a student of Chart and Analysis.
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Need to Stay above 100 ma and 4500 range to continue the reversal
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Increased Volume showing signs of breakout of downtrend to uptrend. next 4 hr candle stick can tell us next few moves as inside bar is formed. in last 2 4hrs
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inside bar broke bullish, next target is 50ma line(blue) around 6000
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it looks like we broke 20ma resistance around 5400, and might be retest it and it should hold or else we go to 5200.
Trade closed: target reached
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almost 6k target reached, Idea will be next updated on this idea.
Trade closed: target reached
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1$ reached, If u like my ideas, please hit like , thanks.