ADA is moving into a pennant Volatility is being bullish and Local bullish trendline is support movement.. Also there a MA 50 which was supported movement and it formed a bullish trendline !!
Everything seems ok in low TF; But on high TFs, There are many indicators which are reaching their buy limits.. How ever I expect another breakout just like last night, If it breaks pennant one more time, ADA will makes another ATH..
Based on market's situation; There is a possible chance for ADA to bounce again ! So next candles are critical for direction...
📌 Have to mention that there is a bullish trendline which is formed on RSI and it's supports RSI's movement on current TF. 🔴 Many factors are leading BTC to have a correction on mid-term overview; Trade safe, Better to wait for breakout !!
What happens if ADA rejects bullish trendline and MA 50 ? If ADA reject to continue the upward movement, It will dive to lower supports at 1.41$ and 1.35$. Gratefully they are not so far from current level ( about 8% lower ) So there won't be any problem if it rejects pennant !!
Attention: this isn't financial advice we are just trying to help people on their own vision.
I'm so glad that Forex trading has been favorable to me since i Joined the platform last week through a reliable trader @annie_fox_expert and I'm so glad i met you...
Helical_Trades
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@Patel_dharmesh, Thanks for you support 😃🙋🏼♂️
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