ADA FROM LONG TERM PERSPECTIVE.
Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
ADA WHAT'S NEXT! From a long-term perspective.
As we clearly see price is still overall bearish making clean lower lows and lower highs
However, price formed a good-looking inverse head and shoulders pattern. which is a bullish reversal pattern.
And for the bulls to kick in from a long-term perspective we need a break above the marked major swing high,
which is the neckline of the pattern.
Unless price managed to reject our resistance one more time before full reversal.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
ADA WHAT'S NEXT! From a long-term perspective.
As we clearly see price is still overall bearish making clean lower lows and lower highs
However, price formed a good-looking inverse head and shoulders pattern. which is a bullish reversal pattern.
And for the bulls to kick in from a long-term perspective we need a break above the marked major swing high,
which is the neckline of the pattern.
Unless price managed to reject our resistance one more time before full reversal.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
Telegram channel:
t.me/Snipers_F_x
t.me/Snipers_F_x
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