ADA got rejected by resistance. It pumped so sharp that it crossed the higher Bollinger Band. That's why it happened.
Now we might go down to get support from Bollinger again, but if it couldn't hold us, two support areas are holding the price up, so don't worry.
If we manage to break this resistance on the subsequent retest, there is another resistance zone on the way up, which will indeed challenge us.
Don't open long positions; for now, the market is showing Sell Volumes.
Use this chart as your trade setup for now; I'll keep it updated.
Current Market Price: $1.973
Let me know your ideas.
Good luck.
Now we might go down to get support from Bollinger again, but if it couldn't hold us, two support areas are holding the price up, so don't worry.
If we manage to break this resistance on the subsequent retest, there is another resistance zone on the way up, which will indeed challenge us.
Don't open long positions; for now, the market is showing Sell Volumes.
Use this chart as your trade setup for now; I'll keep it updated.
Current Market Price: $1.973
Let me know your ideas.
Good luck.
