Ascending triangle , upward uptrend , good buy setup
Hello Traders !
- We are looking on 4H time frame for ADA we had a strong support zone on 2$ ( buying zone , good entry ) we need to see buyers pushing price forward yet we have our EMA 200 level acting as dynamic resistance should break the 2.3$ 2.4$ to go for a new high or breakdown to the last support zone.
- We are in overbought zone , price should consolidate to move upward.
- On 1D time frame we are bullish setup up.
Good luck Traders!
- We are looking on 4H time frame for ADA we had a strong support zone on 2$ ( buying zone , good entry ) we need to see buyers pushing price forward yet we have our EMA 200 level acting as dynamic resistance should break the 2.3$ 2.4$ to go for a new high or breakdown to the last support zone.
- We are in overbought zone , price should consolidate to move upward.
- On 1D time frame we are bullish setup up.
Good luck Traders!
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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.