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CryptoGuru369
Aug 12, 2022 3:44 AM

$ADA is about to break out from a rising wedge Short

Cardano / TetherKuCoin

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Hi Traders!

We can see that ADA is at the top side resistance of the rising wedge formation and daily resistance. If price can break out, then the next price target is $0.63. If price breaks down from here, then I suspect we'll see a break down to the range low at $0.46 with possible continuation down to the next support level at $0.40. I suspect the next move will be highly impulsive so strap on tight! It appears we could see a 20-30% move over the course of the next 1-2 weeks.
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