🔥 ADA Still In A Bullish Channel: Reversal Soon

7 сент. 2021 г.

ADA has seen an amazing run during august, rising by almost 200% in a matter of weeks.

As off this week, ADA is seeing a strong correction. The $3 resistance held several times, and ultimately led to a price drop of almost 20%.

However, this move does not mean that we're going to see more bearishness from ADA. On the contrary, we're currently still trading inside a bullish channel. At this point, we're closing in on both the channel support trend line as the previous ATH, based around $2.45.

I'm expecting a strong reversal from this area, given that BTC will not dump much further.

Main target for the reversal move is the current ATH around $3, second longer term target is based around the $3.50 area.

Happy trading!