norsewulf

norsewulf Updated 

ADA has broken through the upper resistance on the downwards trendline on the 4hr, as well as the resistance of the big Ascending Triangle (in blue). It's now come back down and is showing support from the bulls as it retests these lines of previous resistance. On top of it, today is the Cardano Africa event. Potential long here if we see another solid push...

norsewulf

Looking at the chart and some of the key support and resistance lines, I've presented 3 ideas for the short-term movement for BTC over the week or so. Let me know what you think!

norsewulf

What do you think? This channel is visible on the 4 hour chart.

norsewulf Updated 

If so, which way will it break?

norsewulf

Break above $1.47 incoming? Will we soon see a test of the new recent ATH?

norsewulf

Just an idea of what might play out now that ADA has fallen back beneath the $1.49 ceiling of the ascending triangle.