ADA - Two Possible Scenarios!

Dec 7, 2021Hello everyone, if you like the idea, do not forget to support with a like and follow.

ADA is sitting around strong support in blue 1.50 so we will be looking for buy setups.

on Daily: ADA is forming a channel in red, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)

Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)

Meanwhile, until the buy is activated, ADA would be overall bearish and can still break the 1.50 support downward, in this case, a movement till the green support 1.0 would be expected, and we will also wait for a new swing high to form around the trendline to consider it our trigger swing. (projection in black)

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich