ADA Thoughts
I really like how solid the breakout of this descent was with the break candles also closing with a minimal wick.
I think If Ada breaks above this 1.16 level with some clear momentum I feel the next resistance around 1.23 (+6%) will get hit very fast.
I will then look for some sort of pullback from this area and would judge the current price action and area to decide if it is a good buying zone.
Realistically if Ada makes the 1.16/1.23 area BTC has likely broken back above the EMA and for me, that is extremely bullish so I would be more relaxed about waiting for the "perfect buying zone".
I think If Ada breaks above this 1.16 level with some clear momentum I feel the next resistance around 1.23 (+6%) will get hit very fast.
I will then look for some sort of pullback from this area and would judge the current price action and area to decide if it is a good buying zone.
Realistically if Ada makes the 1.16/1.23 area BTC has likely broken back above the EMA and for me, that is extremely bullish so I would be more relaxed about waiting for the "perfect buying zone".
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.
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.