💎 Paradisers, it seems that #ADA has trapped traders who entered based on the breakout of the cup & handle pattern.
💎Nevertheless, should #ADAUSDT breach above the previous high, we may anticipate a bullish move, especially considering the bullish market structure signaled by CHoCH & BOS.
💎In the event of a pullback, we could foresee a bounce from the demand...
💎 ADA has broken out of the descending channel and has displayed signs of strength, including CHoCH (Change of Character), BOS (Break Of Structure), and the formation of a W pattern around the 200 EMA. These factors collectively increase the likelihood of a bullish movement.
💎The current zone, previously a resistance area, is now acting as support, as evidenced...
high 2.378 and low 1.182
price seems to hold on to 1.200 level as good support
it can create a double bottom or W pattern
waiting for bullish candel or structure for trading
2.150 and 2.693 can be the retracement target
if price break below 1.150 it will be no trade
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.0785). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ADAUSDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support....
