ADA to break main Bearish trend
Hello traders,
this is my analysis of possible ADA movements.
After the current triangle formation breakout, we can expect to be retested the main Bearish trend line (upper white line).
From here, it could pull back a bit, and then if the price closes above the main Bearish trendline, I am expecting move upwards according to fib. levels:
- TARGET 1 : $1.454
- TARGET 2 : $1.779
STOP LOSS: slightly below the support zone
Of course, this setup can be invalidated at any time by breaking down the support (green rectangle )
Not financial advice, always DYOR.
Cheers!
this is my analysis of possible ADA movements.
After the current triangle formation breakout, we can expect to be retested the main Bearish trend line (upper white line).
From here, it could pull back a bit, and then if the price closes above the main Bearish trendline, I am expecting move upwards according to fib. levels:
- TARGET 1 : $1.454
- TARGET 2 : $1.779
STOP LOSS: slightly below the support zone
Of course, this setup can be invalidated at any time by breaking down the support (green rectangle )
Not financial advice, always DYOR.
Cheers!
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.
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.