ADA forms double bullish wedge patterns

ADA has formed a bullish falling wedge pattern on the global timeframe, within which a local bullish expanding falling wedge pattern has formed

If the local pattern plays out, the price will immediately break through the global pattern, causing a high-probability upward movement

Current price: $0.8397

If the local pattern plays out, the price could reach $0.8600, then if the global pattern is broken, the price could move higher

If the price declines and breaks through the lower boundary of the local pattern at $0.7952, the price could fall to the lower boundary of the global pattern, causing the price to continue moving within the global pattern, and the local pattern would be broken

More detailed analysis, additional charts, and key levels to watch are available on our site