Here's a quick look at ADA 4 hr chart. As we can see, the price has been oscillating within a bigger symmetrical triangle for some time now and is looking to break out of it very soon. We have low volume which indicates a bigger move to come. The RSI also looks very good for some upside movement. Not long before we see a bigger move to the upside! keep an eye on ADA!
The idea is: Buy the breakout from the level shown in the chart and sell at the target areas shown in the chart. Targets: 1. 1.34$ 2. 1.47$ 3. 1.7$
Follow me for daily profitable trading setups!
BTC dictates the market. If BTC goes down, then the alts will take a hit. Trade safe!
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.