STARTING to see BUY Signals for ADA for 1st time in a LONG TIME.

After reaching a new ATH of ~$3 in ADA in Sept 2021 ADA has been on a steep downtrend. That Downtrend has JUST been broken. I have mentioned in other posts that there seems to be a rotation into "VALUE" crypto and stocks lately. With ADA starting to gear up some defi projects and smart contracts as well as a Decentralized Exchange it seems there is some renewed interest in this beaten down crypto. Usually after steep parabolic runs there is a long drop or consolidation to where people declare the trade "Dead". That certainly has happened with ADA.

We have 4 positive developements suggesting much higher prices. This breakout makes a LOW RISK entry.

1) Breakout of down trendline
2) Bounce off Major support ($1.06)
3) Breakout above MAJOR Horizontal Resistance (Thick RED Line @ $1.32)
4) New Candle HIGH above last Candle HIGH

EARLY BUY SIGNAL!!

Entry = $1.355
SL = $0.91
TP1 = $2.31
TP2 = $3