ADAUSDT Daily: 18/02/2023: Bull or Bear?!

Let's take a look at ADA.

As you can see, the price touched an important supply zone and had a bearish reaction, so our first scenario is bearish, and the price will fall from here.

Below monthly resistance I am bearish. It's possible that the price breaks the supply zone to collect the liquidity above an equal high and then fall.

If the price can break the monthly resistance and stay above that, we can follow the second scenario.



💡Wait for the update!
🗓️18/02/2023
🔎 DYOR

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Comment:

The efficiency of this analysis: more than 10% drop.

Cheers 🍻

Trade closed: target reached:

More than a 15.50% drop.

Cheers 🍻

I hope you use this TA.

Wait for a new TA.