ADA 1W - It's closer to 0.24 than 0.51
2024-10-06

ADA 1W - It's closer to 0.24 than 0.51

If it breaks the small bullish channel that is forming (below 0.315), it's better to be out because it will surely not stop falling to 0.24. If it finishes breaking the bearish channel and reaffirms the price above 0.315, we can start thinking about serious increases in this value.

LEVELS:

SL1: 0.24
SL2: 0.10

TP1: 0.51
TP2: 0.88
TP3: 1.25 - 1.27

Before reaching 3M, we must first reach 1M and then 2M. My divinatory arts only allow me a more measured view :)

The price of ADA first has to make a consistent bottom that allows it to attack the EMA 50 in 1W. As long as it is below, we are still bearish even if it goes up.

To ride a bullish wave, we must look at the new INCREASING HIGHS and new INCREASING LOWS and set our SL at those increasing lows.

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I share with you my technical analysis assessments on certain stocks 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. Get informed, train yourself and build your own strategies when it comes to investing. I only hope that my comments help you on your own path :)