stimpack_

ADA nearing the end of consolidation?

做多
BINANCE:ADAUSDT   Cardano / TetherUS
ADA has now been consolidating for just over 2 months above $1.00 during this current bull market cycle. The fact that it has been maintaining this price without significant variation in relative trading volume and that it did not undergo a correction below $1.00 during the crypto market pullback last month is a very bullish signal. From technical analysis of candlestick patterns, the probability of it breaking towards the upside from the wedge is much more likely as long as BTC and ETH maintain a stable price. I would expect a break-out before the end of the month but continued consolidation is also a very bullish sign,

Buy at 1st support $1.16-1.20
Buy MUCH MUCH MORE at 2nd support $1.00 (I would personally liquidate other coins to buy more ADA at this price as it would be an absolute steal)
Price target #1 = $1.45

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。