R.Linda Trading

A Professional View

A Professional View

Of The Market

Of The Market

R.Linda Trading

R.Linda Trading

R.Linda Trading - forecast

ADAUSDT → Cup with Handle before distribution

2023-11-28 09:18 CRYPTO forecast

💡 Ideas For ADAUSDT 🪙

📈 ADAUSDT → Cup with Handle before distribution

➖ ➖ ➖ ➖ ➖

#ADAUSDT is forming a breakout of the key pattern resistance, but we have not seen a corresponding reaction yet. The price is updating the 6-month high, but we did not wait for the distribution. Hopes are fueled by the formation of the "Cup with handle" pattern and the Golden Cross of MA200 & MA50

snapshot

A reversal pattern "Cup with handle" is forming in relation to the limit resistance area at 0.3807. A false break of resistance forms a correction and consolidation near the key area, which peculiarly reminds us of the key pattern

Fundamentally, the cryptocurrency market is mainly waiting for results regarding ETF applications that the SEC is reluctant to review. Approval of applications for spot ETFs will greatly increase the inflow of funds and market capitalization

On the chart, the support at 0.3529 - 0.3500 is important for us. Within the framework of the forming pattern and correction, the price may test this area with a false breakout, which will begin to form a bullish potential, because according to statistics, the strongest movements occur after a false breakout.

Resistance levels: 0.3807, 0.3850

Support levels: 0.3529, 0.3490

I expect a support retest before distribution. A strong impulse can start after the breakout of the locational downside resistance of the pattern "Cup with handle"

➖ ➖ ➖ ➖ ➖

#ADAUSDT 🪙

〰️〰️〰️

🟡 How do I join the VIP🔅

⚡ Join the VIP channel 🟢

🏆Crypto Broker - LINK 🔶

〰️〰️〰️

💬 My Contact - Ask Linda✅️

💻 Web - RLinda.com ✅

YOUR INVESTMENTS ARE YOUR RESPONSIBILITY

The information on the RLinda.com website and inside our Telegram group is intended for educational purposes and is not to be construed as investment advice. Trading the financial markets carries a high level of risk and may not be suitable for all investors. Before trading, you should carefully consider your investment objective, experience, and risk appetite. The Website should not be relied upon as a substitute for extensive independent market research before making your actual trading decisions. Opinions, market data, recommendations or any other content is subject to change at any time without notice. RLinda, will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision. The information on this website is general in nature so you must consider the information in light of your objectives, financial situation and needs.
Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. This website is free for you to use but we may receive a commission from the companies we feature on this site.

RLinda.com takes no responsibility for loss incurred as a result of the content provided inside of our Telegram groups. By signing up as a member you acknowledge that we are not providing financial advice and that you are making the decision on the trades you place in the markets. We have no knowledge of the level of money you are.

The RLinda.com website uses cookies in order to provide you with the best experience. By visiting our website with your browser set to allow cookies, or by accepting our cookie policy notification you consent to our privacy policy, which details our cookie policy.

COMPANY

SERVICE

Terms of Service