ADA - Break or Make Zone ⁉️

6 дек. 2023 г.

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