Hello to everyone,
ADA is testing once again the psychological support at $1.00. This level was tested successfully several times in the past. A bullish confirmation will come after the bearish trendline break out and a stronger signal after the resistance break - near $1.50.
The current price gives a high R/R ratio for long positions.
Current tensions between Russia and Ukraine may drag markets even lower but I don’t believe this can affect the markets in the long run.
If the support level break, I think it will be for a short period of time – maybe a few days.
Market seems healthy, so be careful with your short positions.
Stay to your plan & always do your own research.
ADA is testing once again the psychological support at $1.00. This level was tested successfully several times in the past. A bullish confirmation will come after the bearish trendline break out and a stronger signal after the resistance break - near $1.50.
The current price gives a high R/R ratio for long positions.
Current tensions between Russia and Ukraine may drag markets even lower but I don’t believe this can affect the markets in the long run.
If the support level break, I think it will be for a short period of time – maybe a few days.
Market seems healthy, so be careful with your short positions.
Stay to your plan & always do your own research.
