Finally ready to rise higher after the rescent fake out?

2020년 8월 5일

After having a little fake out ADA finally looks ready to rise sustainably.
The daily bullflag ist still valid and the 1200ish zone proves to be a reliable support.
If ADA preferred to take the way down it would've already happened i guess.
For me the fake out looks more like begging for upward momentum rather than a real bull trap, which should've pulled the price below the support.

In any case the way upwards has some significant obstacles.
In the 1300 to 1400 range a couple of big stacks of more than 1 million ADA each have been placed (on Binance).

Let's wait and see ...
Critics and ideas on my analysis are welcome!