ADA has been a pretty good earner. I started my long position when ADA was at 0.00000750 BTC. Totday, we have 285% return on investment.
There is a new wedge forming. However, this is on the 4 hour chart so there could be more volatility as ADA tries to find its local low.
There is a new wedge forming. However, this is on the 4 hour chart so there could be more volatility as ADA tries to find its local low.
Trade active
movement within new wedge. Trade active
It happened a little later than what was graphed on the 4hr chart. But, the breakout was a good one. We are now looking at a 570% increase since my long position was opened. Trade active
had a short period of consolidation before a breakout.Trade active
It appears that ADA is going to be looking for support. It has had a pretty explosive breakout. This chart is showing the current diverging channel it is in and the support that lies below. Support 1 @ 3900
Support 2 @ 3300
Support 3 @ 1500
Trade active
testing new channel.Note
the channel broke like a twig. haha. Oh well, looks like a bullish falling wedge is forming. Could see it converge on the yellow or the blue line before a breakout. Volume is low so we could see these levels fail to build enough momentum for an outbreak.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.