ADAUSDT 1H - UP or DOWN Technical Triangle?
2024-10-05

ADAUSDT 1H - UP or DOWN Technical Triangle?

ADA is in a complex technical zone. On the one hand, it returned to the dominant bearish channel zone after having broken out of it with force. At the same time, it is in a buying zone if we look at the rising lows and highs it is building and which define a bullish channel.

Simplifying. If it breaks the triangle zone from above, we will position ourselves bullish. If it touches the base of the triangle and does not break the support, we will accumulate and if on the contrary it breaks the triangle downwards respecting the bearish channel, we will be out of the value.


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I share with you my technical analysis assessments on certain values ​​that I follow as part of the strategies I design for my portfolio, but I do not recommend anyone to operate based on these indicators. Inform yourself, train yourself and build your own strategies when investing. I only hope that my comments help you on your own path :)