ADA is currently resting on an important value area: A perfect square in price and time (technically a couple days away, but within the margin for a move and entry).
The current structure requires a little subjectivity to forecast the short-term move. Geometrically, there is a significant case for some sideways movement and even a week long low slope trend down. However, one must consider the general condition of the current cryptocurrency market, which is extremely bullish and is experiencing sentiment change. If ADA was not a top 10 market cap coin, I would not enter here. However, the conditions are very good for prices to increase and the only way that ADA can eliminate the Gann resistance and geometric resistance is for a monstrous move up. Which is more likely the scenario we will see play out over the next 4-5 trading days.
The current structure requires a little subjectivity to forecast the short-term move. Geometrically, there is a significant case for some sideways movement and even a week long low slope trend down. However, one must consider the general condition of the current cryptocurrency market, which is extremely bullish and is experiencing sentiment change. If ADA was not a top 10 market cap coin, I would not enter here. However, the conditions are very good for prices to increase and the only way that ADA can eliminate the Gann resistance and geometric resistance is for a monstrous move up. Which is more likely the scenario we will see play out over the next 4-5 trading days.