ADA has just had a significant buying force in the $0.089-0.092 zone, which is support for some of the ADA's recent bullish waves. We could buy in this zone and expect a breakout.
However, at the $0.1-0.105 zone is a huge resistance because it could form a Head & Shoulders pattern and go deep according to the Bearish Channel pattern in the bigger picture. If that happens, the ADA will fall very hard, possibly as far as $0.075-0.08 or even $0.05-0.055.
But if the ADA closes a 1D candle above $0.105, then the ADA is likely to climb to the $ 0.14 zone by early December.
📈BUY- LONG Strategy
- Buy close to 0.089-0.092$ as possible, stop loss if the 1D candle closes below this zone.
- Buy more if the 1D candle closes above 0.105 $, stoploss if 1D candle closes below 0.089$
- Buy at 0.075-0.08$ for some profit, stop loss if 1D candle closes below this zone
- Buy at 0.05-0.055$ for some profit, stop loss if 1D candle closes below this zone
📉SELL-SHORT Strategy
- Sell in 0.1-0.105$, stoploss 1D candle closes above this zone
- Sell around 0.14 $, stop loss if 1D candle closes above 0.145 $
♻️BACK-UP Plan
- Sell close to 0.89-0.92$ as possible if 1D candle closes below this zone