A few scenarios can play out for ADA (a lot will depend on Bitcoin's movement):
Bullish Scenario #1: ADA breaks upward past local resistance.
Bullish Scenario #2: If ADA successfully breaks the local resistance, it will need to contest the major downtrend line. If that breaks upward, ADA will attempt to re-test previous ATH around $3.
-----
Bearish Scenario #1: Current triangle breaks down and moves sideways within the local support zone.
Bearish Scenario #2: If local support breaks, major support will be tested around $2.
-----
This is not financial advice. These are just my ideas and opinions.
Bullish Scenario #1: ADA breaks upward past local resistance.
Bullish Scenario #2: If ADA successfully breaks the local resistance, it will need to contest the major downtrend line. If that breaks upward, ADA will attempt to re-test previous ATH around $3.
-----
Bearish Scenario #1: Current triangle breaks down and moves sideways within the local support zone.
Bearish Scenario #2: If local support breaks, major support will be tested around $2.
-----
This is not financial advice. These are just my ideas and opinions.
Comment:
ADA broke through local resistance!
Comment:
Bitcoin just had a Golden Cross.
Comment:
ADA is once again trading at local support which has held several times now.
Comment:
Major Support area in play right now.