Potential symmetrical triangle setup on ADA
Ada looks to be ranging under resistance, this is usually bullish and leads to a breakout to the upside.
The break out of the symmetrical triangle is around the $1.15 area.
Btc seems to be in charge and alts look a little flat, so a spike in volume is needed.
Buy in on a restest would be perfect if the initial breakout volume is weak.
The break out of the symmetrical triangle is around the $1.15 area.
Btc seems to be in charge and alts look a little flat, so a spike in volume is needed.
Buy in on a restest would be perfect if the initial breakout volume is weak.
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.