ADA/USD 4H
In regards to ADA, not much has changed since the last TA that has been posted. We're still pricing in the so-called "good accumulation area" that ranges from 1.45$-1.04$. Furthermore, VPVR indicates the current price as a good buying point since we have the strongest support at 1.24$.
Looking at the smaller time frames as 1-4h, we've been forming a descending triangle that broke out in a bullish way. That can be also attributed to the BTC price surge as we were writing yesterday. Remember, if BTC makes a "big move" and then consolidates for a while, money start flowing to altcoins.
My suggestion would be, to start accumulating while you can. And keep your eye on the y1 and y2 trend lines
Looking at the smaller time frames as 1-4h, we've been forming a descending triangle that broke out in a bullish way. That can be also attributed to the BTC price surge as we were writing yesterday. Remember, if BTC makes a "big move" and then consolidates for a while, money start flowing to altcoins.
My suggestion would be, to start accumulating while you can. And keep your eye on the y1 and y2 trend lines
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