ADA/USD - Doubled in one week, what next?
ADA doubled in price in less than a week. As such we are a bit overextended here and price seems to have reached a local top at around $0.70 cents.
The indicators on 4h want to correct, question is if the bulls will let it? The 0.60 support line held so far, will it hold again? If not, we're goin to $0.50 which seems like a good place to re-test before higher levels can be reached.
Nevertheless, price action remains very bullish for now so my bias is still bullish. We need to see how the chart develops, I'd be careful about buying here as we may dip lower, to be seen.
ETH will set the tone, so watch that chart before jumping in. Linked below.
Like and follow if you liked this idea. Also join my crypto community to stay in touch!
The indicators on 4h want to correct, question is if the bulls will let it? The 0.60 support line held so far, will it hold again? If not, we're goin to $0.50 which seems like a good place to re-test before higher levels can be reached.
Nevertheless, price action remains very bullish for now so my bias is still bullish. We need to see how the chart develops, I'd be careful about buying here as we may dip lower, to be seen.
ETH will set the tone, so watch that chart before jumping in. Linked below.
Like and follow if you liked this idea. Also join my crypto community to stay in touch!
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