ADA (Cardano) Broadening Wedge: 13/5/2021
Kopite Analysis Daily: 13th May 2021 — ADA/USDT (Cardano)
Welcome back to another daily analysis. Today we’ll be talking about ADA and its bullish pattern, the broadening wedge, which it is in right now.
Known as an ETH killer, ADA hasn’t quite seen the major pumps causing coins to go 50-60+% (though it did go from 0.1 to 1 at the beginning of the bull run). However, it’s been steadily on the rise, and the broadening wedge may be the key to the next major leg up for ADA.
After the recent dump related to Tesla suspending Bitcoin payments, ADA hit the lower boundary of the wedge and bounced.
In the near-term, we may see it hit the upper boundary yet again, at around $2 levels.
That’s it for this post, stay tuned for more tomorrow!
(NFA, This Is Not Intended To Be Financial Advice. Use Charts at Own Risk.)
Welcome back to another daily analysis. Today we’ll be talking about ADA and its bullish pattern, the broadening wedge, which it is in right now.
Known as an ETH killer, ADA hasn’t quite seen the major pumps causing coins to go 50-60+% (though it did go from 0.1 to 1 at the beginning of the bull run). However, it’s been steadily on the rise, and the broadening wedge may be the key to the next major leg up for ADA.
After the recent dump related to Tesla suspending Bitcoin payments, ADA hit the lower boundary of the wedge and bounced.
In the near-term, we may see it hit the upper boundary yet again, at around $2 levels.
That’s it for this post, stay tuned for more tomorrow!
(NFA, This Is Not Intended To Be Financial Advice. Use Charts at Own Risk.)
Note
IMPORTANT UPDATE:A mistake caused the lower boundary of the wedge to have disappeared.
We deeply apologise for the error.
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