ADA must stop pushing that hard and suddenly against the higher Bollinger Band. That type of rejection always causes noise and pushes the price back down, which is not good to have a breakout. We need more consolidations. Right now, it's been stuck inside a sideways channel going back and forth.
There are two resistance areas on the way up rejecting the price and two support levels holding the price up in case of possible crashes or corrections.
As usual, ADA is showing Sell Volumes in the market. Don't open long positions for now.
Use this chart as your trade setup for now; I'll keep it updated.
Current Market Price: $1.974
Let me know your ideas.
Good luck.
There are two resistance areas on the way up rejecting the price and two support levels holding the price up in case of possible crashes or corrections.
As usual, ADA is showing Sell Volumes in the market. Don't open long positions for now.
Use this chart as your trade setup for now; I'll keep it updated.
Current Market Price: $1.974
Let me know your ideas.
Good luck.
