ADA - Shows Potential for Bullish Reversal. Should you Buy/Hold?
ADA has gathered support inside the 1.12-1.00 support zone at 1.05 for a bullish rally
Analysis:
Conditions were ripe for some sort of bullish reversal as ADA and many Alts were burning a lot of price going into their respective support zones suggesting some sort of bounce.
Should you buy/hold:
That said, it is unclear whether this rally will have enough energy to break the 1.20-1.23 resistance area and attempt a major reversal.
I would look for buy setups again if ADA was to break 1.20-1.23 resistance area with at least a 4hr candle at 1.23.
Best of luck, Like/Follow for more.
Analysis:
Conditions were ripe for some sort of bullish reversal as ADA and many Alts were burning a lot of price going into their respective support zones suggesting some sort of bounce.
Should you buy/hold:
That said, it is unclear whether this rally will have enough energy to break the 1.20-1.23 resistance area and attempt a major reversal.
I would look for buy setups again if ADA was to break 1.20-1.23 resistance area with at least a 4hr candle at 1.23.
Best of luck, Like/Follow for more.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.