Currently, ADA/USDT is forming a bullish flag pattern on the 3-day (3D) chart, which typically signals a potential continuation of the prevailing uptrend. This consolidation phase suggests the market may be preparing for a breakout.
Traders are advised to enter long positions only upon confirmation of a breakout above the upper boundary of the flag formation, supported by strong volume. Premature entries may carry increased risk due to potential false breakouts or extended consolidation.
If the breakout is confirmed, the projected upside target for long positions is set at $1.68, aligning with previous resistance levels and measured move projections of the pattern.
Risk management remains essential—always use appropriate stop-loss levels and position sizing.
Traders are advised to enter long positions only upon confirmation of a breakout above the upper boundary of the flag formation, supported by strong volume. Premature entries may carry increased risk due to potential false breakouts or extended consolidation.
If the breakout is confirmed, the projected upside target for long positions is set at $1.68, aligning with previous resistance levels and measured move projections of the pattern.
Risk management remains essential—always use appropriate stop-loss levels and position sizing.
💥 Free signals and ideas ➡ t.me/vfinvestment
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.
💥 Free signals and ideas ➡ t.me/vfinvestment
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.