As previously seen ADA had made an attempt to test the 1.45-1.50 resistance zone and failed. thus, triggering the bearish movement we are currently in, driving prices lower and lower.
There is local resistance set at 1.37-1.40 and local support set around 1.29.
1.29 I absolutely key in this movement as it was a low in the bull trend and responsible for 2 bullish impulses.
What I see/ Entry signals - First I am looking to see if the bearish trend is confirmed. To do this I am looking for a price to establish a new low both below 1.29 and somewhere around 1.25. If this is the case I will look toward the next support zone for a potential reversal (1.20-1.23).
Overall while the trend is not yet confirmed we can predict that price will continue to fall as price has set two lower lows and highs.
Best of Luck, Like/Follow for more.
There is local resistance set at 1.37-1.40 and local support set around 1.29.
1.29 I absolutely key in this movement as it was a low in the bull trend and responsible for 2 bullish impulses.
What I see/ Entry signals - First I am looking to see if the bearish trend is confirmed. To do this I am looking for a price to establish a new low both below 1.29 and somewhere around 1.25. If this is the case I will look toward the next support zone for a potential reversal (1.20-1.23).
Overall while the trend is not yet confirmed we can predict that price will continue to fall as price has set two lower lows and highs.
Best of Luck, Like/Follow for more.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.