ADA about to cycle through the news again with its price moves!
With the highest weekly close in history, strong daily recovery. ADA has recovered the strongest in comparison to all ALTS after this huge btc correction. Too add to this further, on the technical side, ADA against the BTC pairing (ADABTC) is performing really well, posting multi-year highs against BTC, additionally a daily hidden bullish divergence is beginning to play out further adding confidence to this upside price action.
The ADAUSD pairing shows a confluence of support/resistance lines converging ion this small area, a neckline can be drawn from the ATH with a double bottom pattern, implying reversal in the downtrend and price action the upside. Further CLASS A hidden bullish divergence can be seen on both the RSI and MACD further supporting the argument for imminent price action the upside.
On the Fundamental Side, MARY HARDFORK JUST HAPPENED huge stuff for ADA in the coming future. Ethopia governement deal with IOHK/Cardano Foundation.
This will all play out succesfully if BTC doesnt tank.
The ADAUSD pairing shows a confluence of support/resistance lines converging ion this small area, a neckline can be drawn from the ATH with a double bottom pattern, implying reversal in the downtrend and price action the upside. Further CLASS A hidden bullish divergence can be seen on both the RSI and MACD further supporting the argument for imminent price action the upside.
On the Fundamental Side, MARY HARDFORK JUST HAPPENED huge stuff for ADA in the coming future. Ethopia governement deal with IOHK/Cardano Foundation.
This will all play out succesfully if BTC doesnt tank.