Today's focus ADA
Pattern – HL support hold
Possible targets – .3550
Support – .3550
Resistance – .3665 - .3770
Looking at ADA today, we can see a few bullish signs coming into play. We have run over them in today's analysis, and the rejection signs we will also be looking out for. Effectively we want to see support continue to hold and feed a new rally. If we do see this, we would like to see a new test of resistance to show buyer strength and break of that level to start thinking the overall up trend is still in play.
Thanks for stopping by. Good trading, and have a great day.
Pattern – HL support hold
Possible targets – .3550
Support – .3550
Resistance – .3665 - .3770
Looking at ADA today, we can see a few bullish signs coming into play. We have run over them in today's analysis, and the rejection signs we will also be looking out for. Effectively we want to see support continue to hold and feed a new rally. If we do see this, we would like to see a new test of resistance to show buyer strength and break of that level to start thinking the overall up trend is still in play.
Thanks for stopping by. Good trading, and have a great day.