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ADA/USDT Update: Looking for an upper breakout

BINANCE:ADAUSDT   Cardano / TetherUS
ADA longterm is one of the most bullish coins and ecosystem around there.
However, currently updates are delayed and we look at a bearish divergence considering the volume and price action.

So be carefull.
It could breakout on the upside but it also could fail and print a bigger drop.


Basic rules:
- Never buy the top/ATH
- Take profit as long as you can
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place

Enjoy the ride and don't be too greedy.
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Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers

ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.

Disclaimer

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