ADA Price Squeeze

BITTREX:ADABTC   Cardano / Bitcoin
Quick TA on Cardano ADABTC ,

We see a tightening of the bollinger bands as the price coils within its wedge , signalling a possible breakout. Price has shown stability from the shorter to the longer MAs (50/100/200) in the subsequent days leading up to this squeeze, indicative of a likely break to the upside. Also note, the 50MA (in green) has crossed the 200MA (in red).

Based on support/resistance levels
RR Ratio about 3:1, quite favourable

Short term target breakout levels

Look at longer time lines to plot this possible bullrun.
price continues to coil within wedge, bollinger bands tightening up, moving averages are converging, are we preparing for lift off, or a breakdown to lower lows?
Trade closed: target reached
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