ADA is deciding to whether break out or down of this symmetrical triangle. If the breaks out and pass 1.6, we will see $2 soon. Otherwise we have the blue "landing line" underneath that could guide us to find the next buying opportunity.
RSI is also testing its trendline which once was broken a few days ago. Let's see if ADA could bounce off of its 12 MA and hit a new ATH.
RSI is also testing its trendline which once was broken a few days ago. Let's see if ADA could bounce off of its 12 MA and hit a new ATH.
Note
correction: breakout price is 2.6 and next target is 3.Trade closed: target reached
Market Maven: Never Miss a Move.
Disclaimer: This is not a financial advice and all posts are for educational purposes only.
Disclaimer: This is not a financial advice and all posts are for educational purposes only.
Related publications
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.
Market Maven: Never Miss a Move.
Disclaimer: This is not a financial advice and all posts are for educational purposes only.
Disclaimer: This is not a financial advice and all posts are for educational purposes only.
Related publications
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.