ADA is has been forming wedge in the 1H chart.
MACD is at a critical area. We seem to be making a bearish crossing here. We can expect to see more downward pressure if we break the support of this wedge . If this plays out we can expect to see a retracement towards the .5 and even .61 levels.
If ADA breaks wedge towards the upside. We can expect to make an attempt to touch upper horizontal resistance levels.
Only enter trade after confirmation !
MACD is at a critical area. We seem to be making a bearish crossing here. We can expect to see more downward pressure if we break the support of this wedge . If this plays out we can expect to see a retracement towards the .5 and even .61 levels.
If ADA breaks wedge towards the upside. We can expect to make an attempt to touch upper horizontal resistance levels.
Only enter trade after confirmation !
