ADABTC important areas and trendlinesHI guys, just wanted to share this breakdown of the current situation. On the strong move up some zones of resistance were created (blue zones). These now act as support zones when the price is moving down and as resistance when the price is moving up. The lowest blue zone will act as major support as this is the former long term resistance area we finally broke through last week. Also the red diagonals are important trendlines to which the price will be attracted to or reflected of. You can use this as a guide to determine where the price would possibly reverse. Breaking above the upper red diagonal should be seen as a breakout out of a flag formation which is very bullish and could definitely result in a higher high than the top created last week. For now we are not there yet. Have to wait this out and see where we are heading. I wish you all good luck!
