ADA 1H - 4H Area to watch
2024-09-24

ADA 1H - 4H Area to watch

Possible pullback in this area to 0.33 - 0.36 to gain momentum and definitively break the current bearish channel that has been marking the evolution of the price since May 20.

As always in these cases, we have to analyze what the price does. If it breaks upwards we will position ourselves bullish, but if it breaks downwards, we can buy ADA at the support of the triangulation waiting for an impulse that breaks the resistance. In case of losing the base of the triangulation, we will be out of the value waiting for new signals.

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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.

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