ADA BULLISH BEFORE BREAKING OUT
ADAUSDADA has seen some great pumps as of recently, pushing up to $0.17 then quickly back down to around $0.125 (buy back level).
Looking at the awesome oscillator we see sell pressures are starting to build up, which is confirmed by our distance above the EMAs. Expect sell pressures to continue but slowly wane as price begins to move closer to EMA's, then we will see another big boom near $0.20.
Looking at the trend based fib extension, we are at the 1.618 level, anticipate that to drop near 1 and then push back up between the 2.68 and 4.236 levels.
All three of these indicators line up nicely, giving a strong sentiment of whats to come.
This is not financial advice! Please trade at your own risk.
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