Hey guys, this is Julie 😊
Let's analyze ADA:
Today it has been a week since my first analysis of ADA, and it is at the same price level as before.
I like to look at the weekly chart because I am aiming for the long term, and this chart tells me more than the others.
Although ADA has been dropping for some time, I still feel comfortable with it because of this strong support level (green line).
It has been in this same region for 3 weeks, which has served as support many times before.
If by some chance this green support level is lost, I think ADA will target another support level, the pink line. I really don't think it can go below this level.
I see no reason at all to short ADA or to sell my position - high risk for little reward. I really believe (and hope) that it will rise from this point, I just don't know when.
As I said before, I really believe that soon the ADA will recover and go up. I really like this crypto and I trust its potential.
Let's see what will happen from here.
Thank you for reading my analysis! If you like this idea, please subscribe! 😍
Have a nice day, bye bye! 😊
Let's analyze ADA:
Today it has been a week since my first analysis of ADA, and it is at the same price level as before.
I like to look at the weekly chart because I am aiming for the long term, and this chart tells me more than the others.
Although ADA has been dropping for some time, I still feel comfortable with it because of this strong support level (green line).
It has been in this same region for 3 weeks, which has served as support many times before.
If by some chance this green support level is lost, I think ADA will target another support level, the pink line. I really don't think it can go below this level.
I see no reason at all to short ADA or to sell my position - high risk for little reward. I really believe (and hope) that it will rise from this point, I just don't know when.
As I said before, I really believe that soon the ADA will recover and go up. I really like this crypto and I trust its potential.
Let's see what will happen from here.
Thank you for reading my analysis! If you like this idea, please subscribe! 😍
Have a nice day, bye bye! 😊
