Now that there was an initial push upward through the channel, you should expect a pullback and further consolidation which I have mentioned on the chart. I expect it to pullback and consolidate before the announcement of when the smart contracts go live. The announcement should be on Friday 8/20. I expect the price to push up further after the announcement and confirm the upward trend. You can see that the price has already pushed past the lower highs (the green lines). Friday should confirm or deny the upward trend for ADA.
This is not financial advice.
This is not financial advice.
Comment:
The pullback and further consolidation should take place today and tomorrow, 8/18-8/19 in preparation for the good news.
Comment:
The pullback is going as planned, I expect this consolidation to last through tomorrow.
