Hi everyone. today we're going to be looking at ADA.
price currently broke support zone with a bearish impulsive move. and we all know after an impulse, we see correction, and ADA price is currently in correction phase forming an ascending channel. this ascending channel acts a retest on previous support now resistance, and I expect to see a bearish impulsive move to the downside after the breakout of the channel.
conclusion: ADA is going short.
Disclaimer: I don't predict the market movement, I react to it.
if you like my analysis please don't forget to like and follow to get updated anytime I make analysis.
Thank you :()
price currently broke support zone with a bearish impulsive move. and we all know after an impulse, we see correction, and ADA price is currently in correction phase forming an ascending channel. this ascending channel acts a retest on previous support now resistance, and I expect to see a bearish impulsive move to the downside after the breakout of the channel.
conclusion: ADA is going short.
Disclaimer: I don't predict the market movement, I react to it.
if you like my analysis please don't forget to like and follow to get updated anytime I make analysis.
Thank you :()
