hello guys!
Key Observations:
Strong Impulse Move:
ADA recently experienced a sharp rally, breaking through resistance levels and establishing a new range.
Fake RSI Divergence:
A deceptive bearish RSI divergence was invalidated as the price continued its uptrend, confirming bullish momentum.
Support Holding at Lower Channel:
The price is currently consolidating near the lower boundary of the parallel channel, suggesting a potential bounce.
Next Target:
If the price respects the channel structure, ADA could aim for the 0.90 - 0.94 USD range as the next resistance.
Conclusion:
As long as the lower trendline holds, ADA remains bullish with a high probability of an upward breakout. However, traders should monitor the channel support for potential invalidation. 📈🔥
Key Observations:
Strong Impulse Move:
ADA recently experienced a sharp rally, breaking through resistance levels and establishing a new range.
Fake RSI Divergence:
A deceptive bearish RSI divergence was invalidated as the price continued its uptrend, confirming bullish momentum.
Support Holding at Lower Channel:
The price is currently consolidating near the lower boundary of the parallel channel, suggesting a potential bounce.
Next Target:
If the price respects the channel structure, ADA could aim for the 0.90 - 0.94 USD range as the next resistance.
Conclusion:
As long as the lower trendline holds, ADA remains bullish with a high probability of an upward breakout. However, traders should monitor the channel support for potential invalidation. 📈🔥
Zlecenie aktywne
the price is moving in the direction of the arrow I've drawn!
Proud ThinkMarkets Ambassador -> Discover & Grow: bit.ly/Think-Markets
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My recommended Exchange -> YEX: bit.ly/YEX-M
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Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
------
My recommended Exchange -> YEX: bit.ly/YEX-M
------
Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
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Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.
Proud ThinkMarkets Ambassador -> Discover & Grow: bit.ly/Think-Markets
------
My recommended Exchange -> YEX: bit.ly/YEX-M
------
Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
------
My recommended Exchange -> YEX: bit.ly/YEX-M
------
Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
Powiązane publikacje
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.