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. 📈🔥
Operación activa
the price is moving in the direction of the arrow I've drawn!
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
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
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
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.