mattforutan

ADA BULLISH BEFORE BREAKING OUT

Short
KRAKEN:ADAUSD   Cardano
ADAUSD

ADA has seen some great pumps as of recently, pushing up to $0.17 then quickly back down to around $0.125 (buy back level).

Looking at the awesome oscillator we see sell pressures are starting to build up, which is confirmed by our distance above the EMAs. Expect sell pressures to continue but slowly wane as price begins to move closer to EMA's, then we will see another big boom near $0.20.

Looking at the trend based fib extension, we are at the 1.618 level, anticipate that to drop near 1 and then push back up between the 2.68 and 4.236 levels.

All three of these indicators line up nicely, giving a strong sentiment of whats to come.



This is not financial advice! Please trade at your own risk.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.