ADA 1D - Buy Zone 0.33$
2024-10-02

ADA 1D - Buy Zone 0.33$

Beyond the corrective processes that we are experiencing these days following the BTC pattern, the market offers opportunities that we must know how to take advantage of.

In this case, ADA is building an upward channel leaving its current downward trend channel that has been weighing down its price since March 2024.

SL: 0.305
BUY ZONE: 0.33
TP: 0.4288

It is interesting to enter ADA at these levels of 0.33 and/or breakout of the DYNAMIC RESISTANCE. If it consolidates its exit from the bearish channel, it could perfectly recover value up to $0.605 corresponding to the 0.618% correction from the March highs.

All these strategic alternatives can be configured with TradeX BoT, since it will allow you to position in both directions without having to block any amount per position. It will only be necessary for the conditions to be met, either downward or upward, for the orders to be executed in one direction or another, taking the necessary deposits.

TradeX BoT (in development): Tool to automate trading strategies designed in TradingView. It works with both indicators and graphic design tools: parallel channels, trend lines, supports, resistances... It allows you to easily establish SL (%), TP (%), SL Trailing... multiple strategies in different values, simultaneous BUY-SELL orders, conditional orders.

This tool is in the process of development and the BETA will soon be ready for testing.

FOLLOW ME and I will keep you informed of the progress we make.

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 :)