Technical analysis by Quartz- about Symbol ADA: Buy recommendation (2/7/2025)

Forget the past and move on to another Fresh Look.Because of the Higher TF's (like the 3-Day) and especially the Daily, urgent for a reset within their indicator levels. We find PA reacting to this as a massive downtrend. PA has to do this, and as a result, traders can confidently enter into new LONG positions. I have identified TWO trading channels that are merged together because of this large move.How to trade now? Here is a visual note I have added for us. Identifying a solid Daily Trend position can help immensely with decisions on placing an order. This can help us expect certain trading results. With or Against the Daily Trend you have identified, can help with a limited movement towards the Middle Trend Line for a bounce and/or a Larger movement away from the Middle Trend Line. Good Luck !!This is only a piece of the puzzle, a piece that can help us with a piece of mind while trading.Smoothed Moving Average ... simple indicator in Trading View's Library.