Trisha_Saha
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ADA - Retest in Progress💯💯
$ADA
Here is another post we made almost 3 weeks ago that has finally had a confirmation. Current day we just got that retest! As you can see (green circle) both daily candles held the body above the yellow line giving us our first confirmation of a successful retest. We were predicting the retest to fall between $0.72-$0.74 but since it took longer than expected it ended up being $0.69-$0.70. If this retest remains successful we should see a continued move to around $1.14-$1.20. Maybe as high as $1.70 depending on strength.
However due to BTC's current state we cant rule out the bearish scenario. If BTC starts to close below $112k then most likely ADA will fall below our triangle pattern. If ADA falls below and starts closing below the yellow line that would signal a false break. At the moment this is the less likely scenario given the market structure built, but something to watch closely.
#BTCUnbound #CFTCCryptoSprint #BinanceHODLerPROVE #BitcoinTreasuryWatch #BinanceHODLerTOWNS
Here is another post we made almost 3 weeks ago that has finally had a confirmation. Current day we just got that retest! As you can see (green circle) both daily candles held the body above the yellow line giving us our first confirmation of a successful retest. We were predicting the retest to fall between $0.72-$0.74 but since it took longer than expected it ended up being $0.69-$0.70. If this retest remains successful we should see a continued move to around $1.14-$1.20. Maybe as high as $1.70 depending on strength.
However due to BTC's current state we cant rule out the bearish scenario. If BTC starts to close below $112k then most likely ADA will fall below our triangle pattern. If ADA falls below and starts closing below the yellow line that would signal a false break. At the moment this is the less likely scenario given the market structure built, but something to watch closely.
#BTCUnbound #CFTCCryptoSprint #BinanceHODLerPROVE #BitcoinTreasuryWatch #BinanceHODLerTOWNS
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