ADA – Breakout? ✅
Let’s see how ADA is behaving.
This is a 4H chart. (Mid Term)
ADA is about to retest its main resistance level , $1.
A weak support level has formed below the current price, which can hold the price up, but it’s not strong enough for the long term.
Support levels: $0.91
Resistance Area: $1
Bollinger Bands can work as support and resistance too. Here is an example:
The market is showing BUY volumes for ADA.
Two resistance levels push down on value, and one support level holds the price high and shows strength. The higher band can work as resistance.
The Upper Bollinger Band can push down the value, and the Middle band pushes the price up.
If the price crosses the local resistance and stays above it for confirmation, we can open our long positions, aim for the next resistance, and use it as a TP point.
The RSI shows that ADA is above the 50 levels, the center.
If you want to know how the RSI indicator works, take a look at this Educational Idea. It’ll help you have better readings:
Current Market Price: $0.96
Let me know your ideas.
Good luck.



