Looking at ADA it looks like it may have finally reached the bottom of the support line again to form a double bottom. It quickly jumped up as soon as it hit this target. I believe we will see ADA continue to rise up from here and test the .00004750 range. We may have found a narrow trading range and bounce around between the support and resistance for a while. If it were to break the support level it could drop to around the .00003000 mark, however on the other hand if we see a break above the current resistance level we could see it rise to around .00005730.
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I am new to this and this is my first chart to publish. Any and all feedback would be welcome!! THANKS!! Happy Trading :)
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DustyPH
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ADA has broken below the support line. We are definitely in a downward bear channel... it is highly likely we will see ADA continue to drop now
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