$ADA is up more than 20% since my last analysis, and we caught the full bullish move.
If you didn’t buy when I posted, don’t worry there may still be a good opportunity here.
The $0.238 resistance has been broken, and the price is now trying to hold above it and flip it into support.
Here’s the interesting part, if $0.238 holds as support, I’m watching for a major rally toward $0.50 because on the daily timeframe, $0.238 was the major resistance level standing in the way.
However, if $ADA fails to hold above $0.238, I’ll be watching the $0.20–$0.15 range for another potential entry, as I believe that zone could provide strong support.
That’s the setup I’m watching.
Welcome to the bull market.
See you at $0.50, $ADA
If you didn’t buy when I posted, don’t worry there may still be a good opportunity here.
The $0.238 resistance has been broken, and the price is now trying to hold above it and flip it into support.
Here’s the interesting part, if $0.238 holds as support, I’m watching for a major rally toward $0.50 because on the daily timeframe, $0.238 was the major resistance level standing in the way.
However, if $ADA fails to hold above $0.238, I’ll be watching the $0.20–$0.15 range for another potential entry, as I believe that zone could provide strong support.
That’s the setup I’m watching.
Welcome to the bull market.
See you at $0.50, $ADA
