With all of the bearish sentiment in the market $ADA is getting fueled IMHO to mirror the movement of it's Bitmex co-patricipant Tron. Price action hangs just below the daily S/R level and sooner or later with clean cut through the daily OB. Price got rejected at major trend line and confirmed overall uptrend. Overall I believe all Bitmex shitcoins will follow up due to margin exposure and speculation. There is also a possibility that the price may retest the lows and go back to accumulation mode before breakthrough. No one knows when the bear is going back to sleep. Of course DYOR.
Trade closed: target reached:
possible reversal in play, not sure yet
Comment:
Reversal/Retest completed. Off to new highs now.