ADA: Bullish 🐂 or Bearish🐻 Scenario?

15 ก.ย. 2021

A few scenarios can play out for ADA (a lot will depend on Bitcoin's movement):

Bullish Scenario #1: ADA breaks upward past local resistance.

Bullish Scenario #2: If ADA successfully breaks the local resistance, it will need to contest the major downtrend line. If that breaks upward, ADA will attempt to re-test previous ATH around $3.

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Bearish Scenario #1: Current triangle breaks down and moves sideways within the local support zone.

Bearish Scenario #2: If local support breaks, major support will be tested around $2.

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This is not financial advice. These are just my ideas and opinions.

15 ก.ย. 2021

บันทึก

ADA broke through local resistance!

15 ก.ย. 2021

บันทึก

Bitcoin just had a Golden Cross.

18 ก.ย. 2021

บันทึก

ADA is once again trading at local support which has held several times now.

21 ก.ย. 2021

บันทึก

Major Support area in play right now.