Current trend still shows accumulation trend albeit it is not as clear as usual. My thoughts on the root causes: - a re-accumulation is occurring which is not as evident and inherently shows mixed signals - it is shadowing BTC causing to spike up or down
If signal is correct, we are heading for sideways movement into a strong bullish market. This coincides with 2 upcoming events: - listing on coineal (weak bullish signal) - ADA becomes 100% decentralised (strong bullish signal)
Market is very volatile right now, so trade carefully. Best of luck!
Trade closed: target reached
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ADABUSD indeed went sideways, but much much longer than I had anticipated (5 days). This is a strange behaviour that I only see in ADABUSD. After the long consolidation, the target to 1.28USD was reached.