ADA BULLISH, WEEKLY CHART

2022年1月13日

If ADA can close this week's candle engulfing the previous week's candle, it will also break the trend line and this is a good sign in the weekly chart, with a possible bullish momentum. The only supply zone that can hold ADA from rising further is around $2.2 - $2.4, if the buying pressure is strong enough to break this zone, ADA has a chance of reaching its previous ATH, and perhaps even breaking it. Considering the ADABTC chart it has also reached its bottom showing good opportunities for buyers to fall in, looking at the fundamentals, as for their Twitter updates some major projects are about to get released on the Cardano platform, overall ADA shows good signs of rising but also depends with the overall market major player BTC.

**NOT FINANCIAL ADVICE, I AM NOT A LICENSED FINANCIAL ADVISOR**