Hello traders,
Update for ADAUSD: From previous analysis i predicted ada to breakout up from triangle, but because of BTC drop ADA dropped below angled support line (purple). Currently ADA managed to get above 0,34 resistance line (yellow). I see 3 scenarios which we can consider:
1. immediate pump above purple resistance (support then)
2. sideway movement betwenn purple and yellow tl and then up
3. sideway movement betwenn purple and yellow tl and then down do 0,3-0,31
As usually, every alts movement depends on BTC. If BTC stays above 30k, we may see ADA going up, because of strong fundament behind ADA i expect at least 0,4 soon
This is just personal idea, not investment advice
I will appreciate like and follow
TRADE WITH BRAIN, NOT GREED
Update for ADAUSD: From previous analysis i predicted ada to breakout up from triangle, but because of BTC drop ADA dropped below angled support line (purple). Currently ADA managed to get above 0,34 resistance line (yellow). I see 3 scenarios which we can consider:
1. immediate pump above purple resistance (support then)
2. sideway movement betwenn purple and yellow tl and then up
3. sideway movement betwenn purple and yellow tl and then down do 0,3-0,31
As usually, every alts movement depends on BTC. If BTC stays above 30k, we may see ADA going up, because of strong fundament behind ADA i expect at least 0,4 soon
This is just personal idea, not investment advice
I will appreciate like and follow
TRADE WITH BRAIN, NOT GREED
