ADA is currently in a Falling Wedge pattern with potential to break to the upside with conviction if it does. the current .044-.048 range is proving to be support. Also analyzing the bigger picture we might be in a masisve IH&S formation with the right side of the neck forming as we speak. Along side the two bullish patterns stated, indicators are beginning to hint a bullish divergence.
A little early to confirm and with BTC controlling the game its a waiting game. But BTC Dominance has started to show signs of slowing and could open up the door for some alts to run including ADA!
I will be looking to make entry once the breakout of the Wedge is confirmed to the upside.
A little early to confirm and with BTC controlling the game its a waiting game. But BTC Dominance has started to show signs of slowing and could open up the door for some alts to run including ADA!
I will be looking to make entry once the breakout of the Wedge is confirmed to the upside.