P_S_trade

ADA 12h. What will abnormally high trading volumes lead to?

BINANCE:ADAUSDT   Cardano / TetherUS
Almost three months of position and strength accumulation of buyers gave its result.
Gorgeous shot up +70% in a matter of days.

Now, we have to be careful and watch closely. Isn't this a reversal spike at super high volumes?

If the price can fix above $0.17150, then after a short trades, the growth will continue to the level $0.255.

However, if a few next 12h. candles will close with high shadows from above - this will be the first signal.
It means that active sales are likely to have begun. Then the first target from below will be the nearest liquid zone - $0.111-0.115.

🎁 -10% on ALL trading fees OKX
www.okx.com/join/10pstrade

🔥V-I-P cutt.ly/PwkLhT56

👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s

🔵Telegram t.me/pstrade_eng
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.