From a technical perspective, ADA price action has led to the formation of a bull flag pattern in the four-hour timeframe, as shown in the chart
A bull flag is a bullish indicator that forms after the price consolidates inside a down-sloping range following a sharp price rising upwards.
Bull flags typically resolve after the price breaks above the upper trendline and rise by as much as the previous uptrend's height. This puts the upper target for ADA price at $1.11 - levels last seen in April 2022.
ADA's daily relative strength index is also still in the neutral zone at 59. This suggests that the chances of a major pullback are relatively low.
🌟Key Levels:
🚩$0.546= Flag Pole
🟢$0.703= Line of Support
🔴Line of Resistance= $0.767
🎯Target= $1.11
A bull flag is a bullish indicator that forms after the price consolidates inside a down-sloping range following a sharp price rising upwards.
Bull flags typically resolve after the price breaks above the upper trendline and rise by as much as the previous uptrend's height. This puts the upper target for ADA price at $1.11 - levels last seen in April 2022.
ADA's daily relative strength index is also still in the neutral zone at 59. This suggests that the chances of a major pullback are relatively low.
🌟Key Levels:
🚩$0.546= Flag Pole
🟢$0.703= Line of Support
🔴Line of Resistance= $0.767
🎯Target= $1.11
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免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。