ADA (Another) Ascending triangle
Short term
Probably some neutral sideways price action coming ±2 days.
- Stuck in a narrow channel of converging trend
- Giving the RSI some time to cool down slightly
Longer term
Price seems to want to go up a little further and if so will probably get stuck at the head and shoulders neckline.
- Ascending triangle
- Bullish sentiment is backed by the large inverse head and shoulders formation
- Price above 100MA
- Bullish divergence on RSI
Feel free to correct me if I am mistaken with some of the tools!
Probably some neutral sideways price action coming ±2 days.
- Stuck in a narrow channel of converging trend
- Giving the RSI some time to cool down slightly
Longer term
Price seems to want to go up a little further and if so will probably get stuck at the head and shoulders neckline.
- Ascending triangle
- Bullish sentiment is backed by the large inverse head and shoulders formation
- Price above 100MA
- Bullish divergence on RSI
Feel free to correct me if I am mistaken with some of the tools!
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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.
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.