ADAUSDT Analysis/profit booking zones
ADA starts its rally towards upside on 21st July 2021 almost from the same price where it was on 10th January 2022. That rally lasts for 43 days and ADA achieved All time high on 2nd September 2021 (just before major market correction). Then correction period started and it lasts for 129 days.
Now ADA starts picking momentum and in order to break the market structure(lower highs), ADA price needs to close above red region zone in daily time frame. All above red zones are profit booking areas for those who bought ADA during correction phase. Market is volatile and also it's a good strategy to do swing trading in big cap projects. So always book profit.
Disclaimer: Not a financial advise. This is purely for educational purposes. Good luck and happy trading!
Now ADA starts picking momentum and in order to break the market structure(lower highs), ADA price needs to close above red region zone in daily time frame. All above red zones are profit booking areas for those who bought ADA during correction phase. Market is volatile and also it's a good strategy to do swing trading in big cap projects. So always book profit.
Disclaimer: Not a financial advise. This is purely for educational purposes. Good luck and happy trading!
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