Start of the ADA bullrun confirmed? Last resistance at 1400!!
We have had the golden cross (50 MA over 200 MA) on the daily on march 15 and today we see a bullish cross today to confirm the uptrend.
We only have the last two resitances of 1350 and the area of 1375-1400 to break, after that there is no serious resitance until the 1800 - 2000 levels.
With the RSI dangerously high, I expect a pullback or at least a cooling down on or after breaking the 1350 resistance level.
But with staking around the corner and the Cardano Summit, which promises big updates, ADA could just fuel up the rocket ship and blast of to the moon ;)
We only have the last two resitances of 1350 and the area of 1375-1400 to break, after that there is no serious resitance until the 1800 - 2000 levels.
With the RSI dangerously high, I expect a pullback or at least a cooling down on or after breaking the 1350 resistance level.
But with staking around the corner and the Cardano Summit, which promises big updates, ADA could just fuel up the rocket ship and blast of to the moon ;)
Nota
WOW!! What a day it was! Not only was ADA able to pull back to previous levels after the massive dump yesterday, but it even broke the last two resistances in one big jump afterwards.I had drawn a channel which could tell in whart range we would move the coming week up to 1400, but probably the ADA rocket will now just launch and never see this channel again ;)
Nota
OK, FOMO just feuled this rocket and it has taken off!!I'm just gonna sit back and see where this will go ;)
Also fundementals and technicals are looking great. RSI is looking rather overbought on the daily and 4-hourly, but with this momentum is could stay in this range for some time.
Penafian
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.