ADABTC - Watch Out for Break Out
Updated
ADA is currently inside a descending triangle. Those kind of pattern tends to breaks upward.
Moreover, ADA is on a FIB support as well as a support from my Ref boundaries indicator (black dot line) and the MACD and God mod indicate a possible upward mouvement.
If the triangle break upwards, add some on break of the triangle!
TP 1 - 5900
TP 2 - 6559
Moreover, ADA is on a FIB support as well as a support from my Ref boundaries indicator (black dot line) and the MACD and God mod indicate a possible upward mouvement.
If the triangle break upwards, add some on break of the triangle!
TP 1 - 5900
TP 2 - 6559
Note
We broke up on this triangle!
For the moment the upward movement is quite shy but it's there! :)
We will see how it goes from here.
Note
The test of the 5900 Fib Resistance was perfect!
Now we will have some sideways or downward movement in order to take some new strength to test again this Fib resistance
Note
After touching the 5900 Fib resistance we got some downward movement.
We should go touch the 5200 Fib Support as well as the base line from my boundaries indicator (black dotted curve)
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.