ADA – Updated ✅
Let’s see how ADA is behaving.
This is a 4H chart. (Mid Term)
ADA has been pushing up the upper Bollinger Band , which might weaken the price action.
There are two support areas on the chart, as you can see. And two resistance areas holding the price down.
Support levels: 1.150
Resistance Area: 1.260
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 Middle Bollinger Band can push down the value, and the Lower 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: $1.225
Let me know your ideas.
Good luck.



