Hello friends!
In this video I look at the analysis of ADA after today's unexpected rally. The forecast at the start of the trading day is invalidated as ADA is once again above 1.55 and looks likely to hold those levels.
Over the next few days, prices are likely to range between 1.55 and 1.75, which could pave the way to a rally to $2 or above next week. It also might pull in the timeline for the next leg up towards $3, which could start in the second week of June.
Buying around 1.55 could be considered if these levels are sustained. However, caution is still advised, as ADA is not confirmed to be out of the consolidation. It will take a few more days at or above these levels to confirm that.
Good luck and good fortune!
In this video I look at the analysis of ADA after today's unexpected rally. The forecast at the start of the trading day is invalidated as ADA is once again above 1.55 and looks likely to hold those levels.
Over the next few days, prices are likely to range between 1.55 and 1.75, which could pave the way to a rally to $2 or above next week. It also might pull in the timeline for the next leg up towards $3, which could start in the second week of June.
Buying around 1.55 could be considered if these levels are sustained. However, caution is still advised, as ADA is not confirmed to be out of the consolidation. It will take a few more days at or above these levels to confirm that.
Good luck and good fortune!
