Opened a short #ADA
The asset rebounded from the support at $0.307596, but then there was extremely weak support from buyers who were unable to overcome the moving average MA50.
As a result, the coin again began to sag in price and gradually decline towards the very support from which it rebounded.
Most likely, sellers will continue to exert strong pressure and buyers will not be able to take the initiative into their own hands and we will see a retest of the support at $0.307596.
Targets: $0.296724 - $0.273261 - $0.257619
Stop: $0.357555
#ADA | 1W Chart
SR zone was broken with high volume and confirmed
If you don’t have a time for trading, you can invest ADA for long time. If it falls below the blue zone, I’ll be bearish for this pair
#ADA Symmetrical Triangle spotted by algorithm - tight range before a big move 👀
Bearish signs with MACD, EMA 20x50 after bull run may indicate impending breakdown.
But as direction unclear, best wait for decisive breakout for any sides with tight stop loss.
#ADA/USDT Update
Price moved in line with expectations and reached Target 3🎯 Price moved +21% from the entry zone (10x leverage)
More details: t.me/BULLSTAR_ADMIN