ADA Possible scenarios that could play out.
ADA has been making a steady downtrend, could possibly bounce of the support at 1.15region, if it breaks this region it's gonna go down further.
A good entry would be when it bounces of the support, next resistance should be the trend it has been following, a break of that could potentially result in a good trade.
A (temporary) retracement to $1 seems much more likely given current market sentiment.
NOT FINANCIAL ADVICE.
A good entry would be when it bounces of the support, next resistance should be the trend it has been following, a break of that could potentially result in a good trade.
A (temporary) retracement to $1 seems much more likely given current market sentiment.
NOT FINANCIAL ADVICE.
Comment:
Hit TP1, never bounced off support from the time of posting, got rejected at the 1.25~mark. might come down to test the trend line if it doesn't break through.
Comment:
tp1 was hit, bounce from trend line was achieved as predicted, exited the trade for now as it decided to break through support, will revisit trade if it makes contact with $1~ support.