Hello TradingView Family / Fellow Traders,
ADA is currently hovering around a robust resistance zone highlighted in blue.
Weekly Chart:
📈 To maintain control and establish a long-term bullish perspective, a weekly candle close above 0.465 is essential for the bulls.
If achieved, a movement toward the next resistance at approximately 0.8 could be anticipated.
H4 Chart:
📉 Conversely, the bulls will remain in control unless the last low in red at 0.393 is broken downward.
In this case a bearish correction till the 0.31 mark would be expected.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
ADA is currently hovering around a robust resistance zone highlighted in blue.
Weekly Chart:
📈 To maintain control and establish a long-term bullish perspective, a weekly candle close above 0.465 is essential for the bulls.
If achieved, a movement toward the next resistance at approximately 0.8 could be anticipated.
H4 Chart:
📉 Conversely, the bulls will remain in control unless the last low in red at 0.393 is broken downward.
In this case a bearish correction till the 0.31 mark would be expected.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
This analysis is done using RichTL
www.RichTL.com
My Telegram Channel
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal