ADABTC (12H): Next targets 700-750 before another fall?
Hello!
Short-term targets: 700-750.
Long term (2-3 months): 250
I do think, like many other traders here, that many altcoins, including ADA will go up in the short term. But, unlike many others, I really do not think that the Alt season is about to begin. In the next few weeks, I expect the price of ADA to rise to 700-750. At these levels, the 0.38 fib retracement of the previous move down can become a significant resistance. Still, keep in mind that we might observe some serious spikes down to leave behind as many people as possible before the rise.
In the long term, I expect the price to fall below 400, possibly all the way to 200-250. Thus, many will give up and sell before the actual global reversal.
GENERAL RULES TO KEEP YOU SAFE:
1. Do not risk more than 2-3% per trade!
2. Always use stop-loss!
3. Do not FOMO!
4. Do not add to a losing trade
THIS IS NOT A FINANCIAL ADVICE so, please do not follow it if you are in doubt. DYOR!
Short-term targets: 700-750.
Long term (2-3 months): 250
I do think, like many other traders here, that many altcoins, including ADA will go up in the short term. But, unlike many others, I really do not think that the Alt season is about to begin. In the next few weeks, I expect the price of ADA to rise to 700-750. At these levels, the 0.38 fib retracement of the previous move down can become a significant resistance. Still, keep in mind that we might observe some serious spikes down to leave behind as many people as possible before the rise.
In the long term, I expect the price to fall below 400, possibly all the way to 200-250. Thus, many will give up and sell before the actual global reversal.
GENERAL RULES TO KEEP YOU SAFE:
1. Do not risk more than 2-3% per trade!
2. Always use stop-loss!
3. Do not FOMO!
4. Do not add to a losing trade
THIS IS NOT A FINANCIAL ADVICE so, please do not follow it if you are in doubt. DYOR!
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