ADA has potentially broken out of channel. TP1: $2.50 TP2: $2.25 **Not financial advice**
This is my first chart! It looks like ADA may need to consolidate before resuming its uptrend. Looking for breakout validation.
The last time volumes were this low preceded the lowest price of 2021. RSI is declining as well. Traders are not likely to see this as an environment capable of breaking $50k, leading to profit taking, and rendering consolidation inevitable. **This is my Third chart-- not financial advice**
RSI is dropping even faster on the 4HR timeframe here.
Declining RSI, unusually low volume, all of the fibs line up. **This is my second chart attempt; not financial advice**