Technical analysis by f-73 about Symbol ADA: Buy recommendation (11/2/2022)

ADA looks pretty weak, but looking at the broader scenario hints a reversal may be not that far (in term of weeks).Accumulating (DCA) on ongoing and/or further weakness here makes for a good R:R case due to high market cap, in my opinion.Any further dipping down may well hint a bear trap in the making, given CMF and MACD.First target above the 0,7$ mark.To be evalutaed in 6 months.DYOR.Above support, diverging and nearing edge.It's all good, but it needs collaborative BTC/ETH in order to avoid a rejection.same as DOT and most alts.We'll see.Lot bought at 0,285 $Another one bought at 0,255 $Pretty overstretched (TD count 14), oversold RSI on W:Bought one more lot at 0,246.Won't buy more, unless i see a falling knife.Breaking 0,39 on a weekly close would be rather bullish.Not that far.Looking good, bullish if able to consoilidate above 0,39$ high.Obviously a pullback of BTC would damage the short term scenario, yet similarly to DOT i think medium term (about 12 month) it looks good. Red box would be an ideal target.Let's see.