ADA is approaching the apex of this large triangle as indicated in blue. Price will be squeezed there and will have to escape one way or another.
Daily indicators look a bit bearish still, so I expect us to re-test the support level once more before pushing higher.
Possible paths are on the chart. If we lose support then we're going to go to at least $0.25 cents.
Practice patience for now and aim to enter ADA once we break out of the apex, that will give you a good indication where we are headed next.
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Daily indicators look a bit bearish still, so I expect us to re-test the support level once more before pushing higher.
Possible paths are on the chart. If we lose support then we're going to go to at least $0.25 cents.
Practice patience for now and aim to enter ADA once we break out of the apex, that will give you a good indication where we are headed next.
Like and follow if you liked this idea!
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