A rising wedge has formed on ADA. It could go a little bit higher but the RSI is showing a bearish divergence. If ADA keeps rising it shouldn't go higher than the 200 SMA which is in confluence with the top of the cloud. Measuring out the wedge, it looks to likely fall around 970 to 1000 area. This is where the bottom of the cloud is and the .618 FIB. Also, the 50 SMA should act as support near that area.
Note
I forgot to show the bearish divergence line on rsi. Here it is:
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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.