Ada has been on fire recently reaching number 3 on coinmarketcap with over a $40 billion market cap!
Many people suggested it was a buy the rumour sell the news affair with the release of the Mary hard fork and it does seem bears are taking the bulls for a little ride in the short term.
Technically Ada is still bullish on the macro chart forming HH and LH but on the micro is where ada seems a little exhausted and a correction is due.
We are currently forming a descending triangle with a breakdown towards the $0.80 area, if the important $1.15 level is lost then a
Further correction will take place, (targets on the chart).
$0.80 is a key support area and if this is lost the bullish structure on ada will also be lost forming its first LL in the structure.
Many people suggested it was a buy the rumour sell the news affair with the release of the Mary hard fork and it does seem bears are taking the bulls for a little ride in the short term.
Technically Ada is still bullish on the macro chart forming HH and LH but on the micro is where ada seems a little exhausted and a correction is due.
We are currently forming a descending triangle with a breakdown towards the $0.80 area, if the important $1.15 level is lost then a
Further correction will take place, (targets on the chart).
$0.80 is a key support area and if this is lost the bullish structure on ada will also be lost forming its first LL in the structure.
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.