Technical analysis by nicktussing77 about Symbol ADA on 1/21/2024

ADA chartRSI favorable on smaller charts, not so favorable on bigger charts. Potential to see a dip and BIG run. One support trend. Buy zone markedPrice targets markedPotential to see a wick down to 10 cents, but lots of potential to hold that sub 30 cent price. I'd be patient, and see what happens before jumping in, but having said that, short term could rocket the price, however, it really needs to clear 63, in my opinion. I think the potential is there to see a quick drop to price targets and a run to all time highs, which aligns with a lot of the crypto market.target zone on the upside reached, it is technically a sell target for a potential dip. Does this mean sell asap, no. But depending on your strategy, you may decide to take profits, wait or buy into this range hoping for more upside. Lots of potential moves.this chart still kinda reads bullish.I didn't look very closely so don't take my word for it. Might take a closer look later if time. good luck!Personally, I think our buy zone will hit. There is a rejection point incoming, a sharp downward trend, and a large support trend. It would be much better to see the price hit the lows before the run.Projection gives a rough guess as to what it could look like, but time frame is going to be the question. I would have cash free to buy the dip should we see a strong drop to those low targets, which would be a 40% or greater loss in the short term, but should you buy the dip, you can easily make and save a lot of money on some quick movements. If you're buying to hold, you're simply collecting the dips, following your strategy. As far as price, I think the buy targets marked are the ones to keep an eye for. .34 and .26So turns out that was a great buy zone. at least for now.