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Realamh
Aug 21, 2021 3:15 PM

ADA.X: What is the next move? 

Cardano / U. S. DollarKraken

Description

ADA is deciding to whether break out or down of this symmetrical triangle. If the breaks out and pass 1.6, we will see $2 soon. Otherwise we have the blue "landing line" underneath that could guide us to find the next buying opportunity.
RSI is also testing its trendline which once was broken a few days ago. Let's see if ADA could bounce off of its 12 MA and hit a new ATH.

Comment

correction: breakout price is 2.6 and next target is 3.

Trade closed: target reached

Comments
HHSPN
Looks like you might have made a mistake in price point..... If the breaks out and pass 1.6, we will see $2 soon
Realamh
@HHSPN, Thank you for correcting me. I updated the idea.
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