ADA, like most cryptocurrencies, is in a downtrend, but is showing signs of strength.

Now the price has broken the important trend line and successfully tested it several times.

The first target of the upward movements will be an important level – $1, where most traders will close positions, the price will meet resistance. If there is positive news, the price may reach the level of $1.18-1.20, where large players will close last part of their long positions.

A downward move and a breakout of the low at $0.75 will trigger the orders of traders, who wants to short (stop sell orders). They will be the fuel for the price move up in case of a false breakdown of the level.

Friends, press the “like” button, write comments and share with your friends – it will be the best THANK YOU!
P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.