ADA - 4h. Buyers are preparing to attack $0.38-0.4.

23 Jan 2021

Two days of falling in the ADA market did not change buyers' plans to continue growing. The ADA price tested the price range of $0.295-0.308, which we defined in the previous idea:

The test of this range took place at high volumes, which proves buyers' interest in the coin.

As you can see from the previous idea, the price went according to the second scenario, breaking the local trend line of buyers, which they controlled from January 1.

However, we can't announce the end of the growth trend. The ADA price stopped its aggressive growth before the strong liquidity range of $0.38-0.4.
Given that buyers have the strength to keep the price - the first short-term target is a second attempt by buyers to break the range of $0.38-0.4.

The critical point of this scenario is the mark of $0.33. If buyers can not keep this mark - buyers will again have to defend in the range of $0.295-0.308
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We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
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