ADA: The Downtrend
The bad news is that ADA has been in a downtrend since 9/2, so anyone who is still holding from the top has quite a ways to catch up.
The good news is, for those who are looking to enter in low, I would keep an eye on the bottom of the channel and/or the .786 fib area which is where previous resistance would be tested as new support and could be a potential bottom.
This is not financial advice. These are just my ideas and opinions.
The good news is, for those who are looking to enter in low, I would keep an eye on the bottom of the channel and/or the .786 fib area which is where previous resistance would be tested as new support and could be a potential bottom.
This is not financial advice. These are just my ideas and opinions.
Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.