Coinology

ADA Descending Triangle Breakout - Possible Ascending Triangle

Short
BITTREX:ADABTC   Cardano / Bitcoin
Cardano (ADA) is a newer coin released just a few days ago, and it is been in a descending triangle since.

Cardano is now looking like it is trying to form an ascending triangle with a decent amount of volume and market cap - it is already in the top 20 coins. MACD is looking strong so watch for a possible breakout.

The two ideal entry points are listed on the graph with possible exit zones of 590-680.



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Comments

Thanks for the TA on ADA!
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