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ADA performed very well during the last bull run, it lost 91% of its value and is still trading below its Daily MA 200. However, ADA price is setting up nicely here. So let's surf the chart for what to expect in the near term,
Right now, it is trading below the immediate resistance at $0.38 while the key resistance lies on $0.42 - $0.43. Looking at the chart, breakout above the key resistance is the sweet spot (blue path) which shows a V-bottom pattern with a price target at $0.60, the next resistance. Failure to break can lead to correction below (Yellow path) so timing and patience is the key here, for either way,ADA is brewing a good entry for both scenarios and due for a nice run off the lows.
Thanks for reading, surfin ends….
ADA performed very well during the last bull run, it lost 91% of its value and is still trading below its Daily MA 200. However, ADA price is setting up nicely here. So let's surf the chart for what to expect in the near term,Right now, it is trading below the immediate resistance at $0.38 while the key resistance lies on $0.42 - $0.43. Looking at the chart, breakout above the key resistance is the sweet spot (blue path) which shows a V-bottom pattern with a price target at $0.60, the next resistance. Failure to break can lead to correction below (Yellow path) so timing and patience is the key here, for either way,
ADA is brewing a good entry for both scenarios and due for a nice run off the lows.Thanks for reading, surfin ends….
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.