ADA - Wait For The Trigger! 🏹

Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.

ADA has been overall bearish for a while and it is now approaching a strong weekly demand zone in green.

ADA formed a valid channel in red but it is not ready to go yet!

For the bulls to take over from a long-term perspective, we need a break above the last major high in gray.

Meanwhile, until the buy is activated, ADA would be overall bearish and can still trade lower inside the demand zone.

In this case, as/if we dive inside the demand zone, we will be looking for short-term buy setups.

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich