Over the last few years, ADA has seen tremendous gains.
If we connect the highs and lows with each other, we can clearly see a parallel channel. With the recent drawdown of the last couple of months, the price has reached below the channel, which would theoretically signal a bearish break out.
However, with crypto's bullishness over the last couple of weeks, we could very well retest the bottom of the channel. If we fail to break through, expect more selling. Ideally for bulls, the price would break through with a big candle and signal a long-term bullish momentum shift.
Is the current dip just a fake out?
If we connect the highs and lows with each other, we can clearly see a parallel channel. With the recent drawdown of the last couple of months, the price has reached below the channel, which would theoretically signal a bearish break out.
However, with crypto's bullishness over the last couple of weeks, we could very well retest the bottom of the channel. If we fail to break through, expect more selling. Ideally for bulls, the price would break through with a big candle and signal a long-term bullish momentum shift.
Is the current dip just a fake out?
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🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Penerbitan berkaitan
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.