ðĨ ADA Bounce Area Located: Patience Is Key
Ever since the March lows, ADA has been trading inside a falling wedge pattern. Falling wedges are classically bullish reversal patterns, so that's where we're going to look at in the future. For now, we're just scouting a short-term bounce for an easy 15%-25% gain.
Patience is key. I'm not looking for an ADA entry as of now, since we still have around 10%-15% to go before the pattern's support has been reached. Ideally, the daily RSI will hit oversold at the same time that ADA hits the support, further strengthening the bullish reversal narrative.
Patience is key. I'm not looking for an ADA entry as of now, since we still have around 10%-15% to go before the pattern's support has been reached. Ideally, the daily RSI will hit oversold at the same time that ADA hits the support, further strengthening the bullish reversal narrative.
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