๐ฅ ADA Back From The Dead? Bullish Trend Change
ADA has been one of the major losers since topping in September. It was trading above $3 and has dropped all the way to $1. However, there might be a macro trend change coming our way.
As seen on the chart, there's only one resistance area left for ADA to break through. Assuming BTC will remain relatively stable, I don't see why ADA can't pierce this resistance and move up more.
Keep an eye on the yellow marked area. A strong break out candle from there might indicator further strength. Targets placed at recent local tops.
Happy trading!
As seen on the chart, there's only one resistance area left for ADA to break through. Assuming BTC will remain relatively stable, I don't see why ADA can't pierce this resistance and move up more.
Keep an eye on the yellow marked area. A strong break out candle from there might indicator further strength. Targets placed at recent local tops.
Happy trading!
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