We've had this consolidation for a while, and a break above or below it will force the price out in that direction. If we break this triangle downwards, it could mean breaking the 1145-ish resistance. This could be the big ADA correction that we've been waiting for as the hype dies and the price corrects.
Note
It looks like the top of this triangle has been converted from resistance into support. Be careful, this could be the start of a bearish flag before a continued down-trend.Note
Alright, we've finished the other end of the bear flag. Time to see if this continues downwards to the resistance or tries to pop back up again.Note
Another bearish ascending triangle. This could force the price down to the point where we could have a break through the resistance! Be weary of a false break.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.