VolkmarV

24 hours in recovery and in 2 hours a dramatic drop. We definitely went down in the elevator and went up by stairs. There is a lot of uncertainty in the market. #SparkBinanceHODLerAirdrop #ADA!

The ADAUSDT chart shows the formation of a "double bottom pattern," a classic technical figure that often indicates a possible trend change from bearish to bullish. The key aspects are highlighted below:

1. Double Bottom Structure:
- The first bottom was formed around $0.6127 (24h low), followed by a moderate recovery.
- After a slight correction, the price tested that level (or close to it) again, confirming the second bottom before bouncing back once more.

2. Pattern Confirmation:
- To validate the double bottom, it is essential for the price to exceed the midpoint between the two bottoms (resistance close to $0.6386, 24h high). This would act as a breakout signal.

If the price cannot exceed the EMA20 (0.6652) and the maximum of 24h (0.6721), it could look for support at 0.6182. But still, I believe that ADA will become a cryptocurrency of great interest to the community at any moment! #ADA!

I've been stuck in this position for a couple of days now! I haven't closed it because I'm sure the price will return to my break-even zone! ADA has been undervalued, and I believe it has the potential to become highly relevant. What do you think? #MyCOSTrade $BTC