Welcome to this quick analysis of ADA!
Breaking out of its sideway channel between 1800-2400 sat, its almost like clockwork...
Demolishing the 50MA, ADA is making some strides. Expecting ADA to consolidate for a bit, before re-launch to 3000 sat. This would likely complete an inverse H&S pattern, but it remain to be seen if ADA can make a strong bounce off the 2400 sat level and break the neckline towards 3000 sat.
Watch as RSI looking overbought, some consolidation required before next launch :D
The ceiling is anyone's guess, but looks short term bullish.
Next major resistance at 3000 sats.
Happy trading all :)
Breaking out of its sideway channel between 1800-2400 sat, its almost like clockwork...
Demolishing the 50MA, ADA is making some strides. Expecting ADA to consolidate for a bit, before re-launch to 3000 sat. This would likely complete an inverse H&S pattern, but it remain to be seen if ADA can make a strong bounce off the 2400 sat level and break the neckline towards 3000 sat.
Watch as RSI looking overbought, some consolidation required before next launch :D
The ceiling is anyone's guess, but looks short term bullish.
Next major resistance at 3000 sats.
Happy trading all :)