Looking at ADA it looks like it may have finally reached the bottom of the support line again to form a double bottom. It quickly jumped up as soon as it hit this target. I believe we will see ADA continue to rise up from here and test the .00004750 range. We may have found a narrow trading range and bounce around between the support and resistance for a while. If it were to break the support level it could drop to around the .00003000 mark, however on the other hand if we see a break above the current resistance level we could see it rise to around .00005730.
Note
I am new to this and this is my first chart to publish. Any and all feedback would be welcome!! THANKS!! Happy Trading :)
Much Love
DustyPH
Note
ADA has broken below the support line. We are definitely in a downward bear channel... it is highly likely we will see ADA continue to drop now
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.