ADA, a global view
We have said in past ideas that bitcoin can fall and the best place to buy is in the fundamental value zone. At 24K and below, that is the best buying opportunity. Buying altcoins in that area is also a good opportunity.
The ADA chart shows a trading range of $1-$1.5. The price is in this range. But I would also note that the price is squeezing near the lower boundary of the trading range. And this is not a very positive signal. In the case of a breakout and a candle closing below the $1 level, the price could correct very strongly. This is also indicated by the liquidity gap.
The best area to buy marked at the bottom of the chart.
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The ADA chart shows a trading range of $1-$1.5. The price is in this range. But I would also note that the price is squeezing near the lower boundary of the trading range. And this is not a very positive signal. In the case of a breakout and a candle closing below the $1 level, the price could correct very strongly. This is also indicated by the liquidity gap.
The best area to buy marked at the bottom of the chart.
💚 Please like and subscribe to us to get more ideas like this.
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