We’re back! Apologies for not posting during the weekend and on 18/5, we did not post due to special reasons. We have an update on the ADA broadening wedge which I posted about last week. ADA pulled back to $2 levels after hitting a new ATH at $2.47, and should now consolidate within the wedge area. Should ADA stay in the wedge until July 2021, the lower boundary would be $3, a great target to look at. The upper boundary would be near $4, double of the price at the time of writing. Stay tuned for a post on Chainlink tomorrow!
(NFA, The Above Is Not Intended To Be Financial Advice. Use Charts At Your Own Risk.)
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Apologies yet again: There was a typo. The upper boundary of the wedge should be $5, instead of $4.