ADA-6h. The next target is $0.25.

1 Jan 2021

A good trading situation has emerged in the ADA market. Buyers managed to break the global critical level of $0.171. 6 weeks of struggle for this mark gave the result.
On large volumes, the ADA set a new local high of $0.197. Now sellers are testing the strength range of $0.171-0.18. Trading volumes during the local fall are low. So there is no serious pressure from sellers and the way to the $0.25 mark is free.

We will consider an alternative scenario of price movement only if the sellers are fixed below $0.171. Then the price of ADA will return to the triangle and consolidation will continue. However, the current situation in the cryptocurrency market does not inspire such a scenario.
_________________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!