🔥 ADA Still In A Bullish Channel: Reversal Soon
ADA has seen an amazing run during august, rising by almost 200% in a matter of weeks.
As off this week, ADA is seeing a strong correction. The $3 resistance held several times, and ultimately led to a price drop of almost 20%.
However, this move does not mean that we're going to see more bearishness from ADA. On the contrary, we're currently still trading inside a bullish channel. At this point, we're closing in on both the channel support trend line as the previous ATH, based around $2.45.
I'm expecting a strong reversal from this area, given that BTC will not dump much further.
Main target for the reversal move is the current ATH around $3, second longer term target is based around the $3.50 area.
Happy trading!
As off this week, ADA is seeing a strong correction. The $3 resistance held several times, and ultimately led to a price drop of almost 20%.
However, this move does not mean that we're going to see more bearishness from ADA. On the contrary, we're currently still trading inside a bullish channel. At this point, we're closing in on both the channel support trend line as the previous ATH, based around $2.45.
I'm expecting a strong reversal from this area, given that BTC will not dump much further.
Main target for the reversal move is the current ATH around $3, second longer term target is based around the $3.50 area.
Happy trading!
🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
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.