ADA: I told you it would go up! 🤩
Hey guys!, this is Julie 😁
FINALLY my friends! ADA is finally recovering from this downtrend!
Today ADA is up by almost 9% and that is really great!
We can see that the bears have been losing strength along the way as it has not had the strength to fall below the support level (green line).
What is more, I just realized that we are exactly at Fibonacci Retracement 61.8%, and it would be REALLY hard for ADA to fall below this level.
And to complete this fantastic reversal, ADA just passed the 21 EMA!
We now have lots of technical confirmations indicating that it will recover.
If you are out of ADA, I think now is the time to keep an eye on it, because I think it may give a buy signal soon, just wait for tomorrow for more confirmation.
If for some reason it falls again, as I said, it will be extremely difficult to drop below this green line region.
This time I really believe CARDANO WILL FLY! 😍
Thanks for reading my analysis! Please, support me with your like and subscription! 😊
Bye bye, have a nice day. 😉
FINALLY my friends! ADA is finally recovering from this downtrend!
Today ADA is up by almost 9% and that is really great!
We can see that the bears have been losing strength along the way as it has not had the strength to fall below the support level (green line).
What is more, I just realized that we are exactly at Fibonacci Retracement 61.8%, and it would be REALLY hard for ADA to fall below this level.
And to complete this fantastic reversal, ADA just passed the 21 EMA!
We now have lots of technical confirmations indicating that it will recover.
If you are out of ADA, I think now is the time to keep an eye on it, because I think it may give a buy signal soon, just wait for tomorrow for more confirmation.
If for some reason it falls again, as I said, it will be extremely difficult to drop below this green line region.
This time I really believe CARDANO WILL FLY! 😍
Thanks for reading my analysis! Please, support me with your like and subscription! 😊
Bye bye, have a nice day. 😉
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.