The upper border of the channel has been already touched 4 times and proved to be relevant. The question is if the lower line of the channel is going to prove its worth? Obviously I expect the price TO NOT break out of the channel especially considering the fact the major correction of BTC is around the corner. RSI also poses certain resistance.
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Wait for the entrance into the first accumulation zone.
@saynab44, The accumulation zone certainly is in the upper green box.
saynab44
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@Detri4228, hmm, do u think it will dump so low?
Detri_Mantela
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@saynab44, so low? come on, just two weeks ago we have been troddling there for weeks! The matter of fact, if BTC really is planning to go make a healthy correction at least to 15.5k then ADA for 9 cents is more than a reasonable price. I even can see ADA dumping to 6 cents without hurting much its upward momentum.
saynab44
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@Detri4228, I hope you’re right, so I can re-enter the market. But BTC is stable atm and it seems it’s bound to beat its ath. So not sure alts will bleed.
ssari
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You can see that massive divergence, yes?
Where is your estimate for the accumulation zone?
Detri_Mantela
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@ssari, don't believe much into divergences. The accumulation zone certainly is in the upper green box.