ADA Reversal Confirm Bullish!!!!
I am sharing my Views as per the technical Analysis
Bullish divergence Formation, Bearish momentum goin weak.
The price action is forming a symmetrical triangle, which is typically a neutral pattern, meaning it can break out in either direction.
Key Support & Resistance Levels
Resistance: Around $0.95 - $1.00
Support: Around $0.65 - $0.70
. Bullish Indications:
The price is approaching the apex of the triangle, suggesting an imminent breakout.
A breakout above the upper white trendline could push ADA towards $1.00+
5. Trading Strategy:
✅ Long Position:
Enter if price breaks above the white resistance line and confirms with volume.
Target: $0.95 - $1.05
Stop-loss: Below $0.6
Bullish divergence Formation, Bearish momentum goin weak.
The price action is forming a symmetrical triangle, which is typically a neutral pattern, meaning it can break out in either direction.
Key Support & Resistance Levels
Resistance: Around $0.95 - $1.00
Support: Around $0.65 - $0.70
. Bullish Indications:
The price is approaching the apex of the triangle, suggesting an imminent breakout.
A breakout above the upper white trendline could push ADA towards $1.00+
5. Trading Strategy:
✅ Long Position:
Enter if price breaks above the white resistance line and confirms with volume.
Target: $0.95 - $1.05
Stop-loss: Below $0.6
Trade active
TP-1 Achieved now Move the SL to Entry PriceTrade closed: target reached
Trade still moving in our direction, Hold till it reach 1.
Note
hold with patience
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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.