Cup and handle, break trough 100 day MA, ADA is ready to moon!!
Today we had a solid confirmation of the trend reversal for ADA. Cup and handle was formed with a small break to the upside. Just to be stopped for a few day by the 100 day MA and the first major resistance at about 1150.
Today we smashed trough this first resisance to fly right to my first target around 1250.
I expect some decent resistance around this level too.
After we take this one down, we can easily climb to the 1350-1400 range, where I expect we will meet the 200 day MA.
This will be the final test to confirm a bull-run for ADA. If we can smash that, I don't see any resistance until around the 2000 levels.
Today we smashed trough this first resisance to fly right to my first target around 1250.
I expect some decent resistance around this level too.
After we take this one down, we can easily climb to the 1350-1400 range, where I expect we will meet the 200 day MA.
This will be the final test to confirm a bull-run for ADA. If we can smash that, I don't see any resistance until around the 2000 levels.
Comment:
The ADA rocket is still right on track:
Right on track: