Some thoughts on crucial levels of support and resistance for ADA- short to medium term:
- Great news for bulls that we finally broke a channel ADA has been in since Feburary
- Short term it looks like we could be retesting the 1.50. This is actually super bullish as the re test of previous resistance will usually confirm support and send ADA to the moon.
- Pink resistance line is steep, looks like we could be on track for the elusive 2$ by mid may and beyond.
- Overall TA confirms market confidence as smart contracts coming out (hopefully) end of May
Pretty uncomplicated S/R analysis here (no fancy clouds or mental indicators). Often TA can get too complicated and its great to strip charts back to basics to really understand where a coin is going.