ADA, what to do if this support breaks?

Today we will conduct a global and local analysis of the ADA. You can see on the left chart that the price is in a large trading range. At the same time, the price is near the lower boundary of the trading range. And this is not a very good signal.

If we look at the smaller timeframe, we can see that price has already tested the lower boundary of this range many times. This is also not a very positive signal, because with each test the support weakens and may break soon. In the case of a breakdown, there could be a good opportunity for selling.

Write in the comments all your questions and instruments analysis of which you want to see.

Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.

P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
ADAadausdadausdanalysisADAUSDTaltcoinsALTScardanocryptoCryptocurrencyMultiple Time Frame AnalysisSupply and DemandSupport and Resistance

Get access to the private club with VIP signals
👉 bit.ly/vip_bikotrading

🔷Telegram 👉 t.me/+ICrmLIneDmRiYjIy

🔷YouTube 👉 bit.ly/YouTube__Lessons
Also on:

Related publications

Disclaimer