On the weekly chart, we have strong support in a rising trendline (black).
If this line holds, we may have finished a running flat, in which case ADA would blast off to look for new highs and price discovery.
If the trendline is broken, we could have an expanded flat, which would be disastrous, and price would go below $1.
Bulls and bears have been fight against the trendline for the last 4 months, and we can´t determine a winner yet.
As an investor, I see a great buying opportunity right now... if the trendline is broken, just buy some more at cheaper prices.
If this line holds, we may have finished a running flat, in which case ADA would blast off to look for new highs and price discovery.
If the trendline is broken, we could have an expanded flat, which would be disastrous, and price would go below $1.
Bulls and bears have been fight against the trendline for the last 4 months, and we can´t determine a winner yet.
As an investor, I see a great buying opportunity right now... if the trendline is broken, just buy some more at cheaper prices.
📈 Experienced Crypto trader
👍 Simple, actionable content
🌊 Elliott Wave junkie
🧠 Trading psychology hacks
🎖️ Premium VIP Discord Server ($4.99/mth for a limited time - check link below)
linktr.ee/stoic.trader
👍 Simple, actionable content
🌊 Elliott Wave junkie
🧠 Trading psychology hacks
🎖️ Premium VIP Discord Server ($4.99/mth for a limited time - check link below)
linktr.ee/stoic.trader
