ADA has been down trending recently; however, it seems to have bounced up and come back down to find support at this higher low.
This last green candle looks to be an Inverted Hammer Reversal pattern + it has a considerable amount of volume poured into it. This could signal a change of trend upwards.
I have personally entered into a position at 354 satoshis and am looking for the next bearish candle OR potential the break of the resistance level. At the very least, I believe this coin has a lot of room to go up and test the resistance level.
Overall, I'd recommend this coin as a buy - however, trade at your own risk! If it breaks the support level, then we can expect some downside to key support. If that happens, I'll post an update with a pic of what I believe is the key support level.
Good luck out and happy trading! :D
DISCLAIMER:
Follow my advice at your own risk.
This last green candle looks to be an Inverted Hammer Reversal pattern + it has a considerable amount of volume poured into it. This could signal a change of trend upwards.
I have personally entered into a position at 354 satoshis and am looking for the next bearish candle OR potential the break of the resistance level. At the very least, I believe this coin has a lot of room to go up and test the resistance level.
Overall, I'd recommend this coin as a buy - however, trade at your own risk! If it breaks the support level, then we can expect some downside to key support. If that happens, I'll post an update with a pic of what I believe is the key support level.
Good luck out and happy trading! :D
DISCLAIMER:
Follow my advice at your own risk.
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My current 4HR chart:
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Gains locked in!
-TRADE CLOSED-
-TRADE CLOSED-
Next support is 340 satoshis
KEY support is 330 satoshis.
If it breaks under 330, then I'll sell - however, I'll be holding on to these bags until that time comes.