Long

ADA COMEBACK! Massive LONG opportunity!

Updated

They ADA breakout has been on hold and it has only dumped since its recent ATH but the time has come for the great reversal!
Breakout will happen in the next 5 days but maybe already this weekend! Check the chart for targets and entry.
Not financial advice, trade or invest at your own risk and research.

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ADA finds support at the upwards sloping support level (green diagonal line) - the last (3!) times it touched this line it printed a new ATH! Stay tuned for break up or down!

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Seems like the market is bearish on ADA so more reason to be bullish!

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ADA had a fake out to the downside as expeceted, she was very oversold yesterday... back in the triangle now where she will stay for now... watch the support levels and a confirmed breakout with volume. Stimulus checks are coming next week already and the USA loves ADA... stay tuned!

Note

WARNING: I am not convinced just yet for a full breakout. Currently ADA is finding resistance at FIB level. (see chart) Do not rsuh into trade now and if you took my entry, now is time to take some profits off the table and maybe let the rest ride... A new entry is possible at 1,08$ IF WE HAVE ENOUGH VOLUME - right now volume is still weak so do not rush into a trade right now!

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ADA is looking strong! If we flip 1,13689$ from resistance into support with 4hr open and close above this level - this breakout will be on! Again not financial advice; trade at your own risk.

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UPDATE: looks like we’re getting another chance for a new LONG entry! Market flipped bearish on ADA again, bulls are in control of the $1 mark (for now) — We had a proper test of sub 1$ and again got rejected. I expect an ADA breakout this week or coming weekend! Watch the stimulus checks and which alt gets the hype... USA favors ADA so this could be on. Keep a critical eye on the breakout when it happens esp on the green line that flipped into resistence. If we break it and the 1,10$ mark; we are on!

Trade active

ADA breakout! Retest and go! Volume is good!

Note

If we bounce from support at 1,075$ we have a breakout confirmed, this might be whale anticipation (big buys from whales before the consumer wave) for the stimulus check that arrive tomorrow! (as said in the comments above, ADA + stimulus checks is a new ATH)

Note

ADA to Coinbase this Thursday! Get ready for a new ATH, I made an update chart a few hours ago and took that entry 4hrs ago; you can forget about 1,05$ entry now... Maybe 1,10$ if market makers dump all their ADA for a stop / liq hunt but i doubt they get ADA there, support at 1,20$ is building. Im not sure for entry now, check my new chart and I make updates there.

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