ADA RETRACEMENT OR SET UP?
LOOKING AT THE ADA CHART IM SEEING A RISING WIDENING WEDGE DRAWN IN YELLOW THAT DATES BACK TO FEBRUARY 6TH. WITHIN THE WEDGE I SEE A RISING CHANNEL OULINED IN WHITE. WE ARE RIGHT AT THE BOTTOME OF THAT CHANNEL SO WHAT HAPPENS IN THE NEXT FEW HOURS IS GOING TO TELL US ALOT MORE. ALSO WITHIN THIS CHANNEL IS A TRIANGLE ALSO COMING TO AN END AT THE AREA OF CONFLUENCE. IM LOOKING FOR IF ADA WILL TAKE A DIP DOWN TO THE DOLLAR SUPPORT LEVEL. THAT WILL BE A GOOD AREA TO TIER IN SOME BUY ORDERS. I BELIEVE IF WE GO FARTHER BACK WE WILL RETRACE TO AROUND THE .80 AREA. I WILL BE LOOKING FOR A GOOD BUY OPPORTUNITY OR SWING TRADE WITH ETH OR BTC. IF ETH AND BTC PUMP WHILE WE GET A PULLBACK ON ADA THE SWING TRADE WILL YIELD A MUCH HIGHER PERCENTAGE GAIN WHEN TRADING TO ADA AT THAT TIME.
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