Hi. welcome to this Analysis on ADA on 4h.
ADA has been running with high bullish momentum recently, taking back its support line which was turned into resistance before.
But now it is locked in a sharp rising wedge, should it break a fall to lower support lines is likely.
Nevertheless I am extremely bullish and looking forward to higher values of ADA. A fall on the lower support line could be a great buying entry.
let's see how the chart further develops from here.
Thank you for reading my analysis on ADA.
ADA has been running with high bullish momentum recently, taking back its support line which was turned into resistance before.
But now it is locked in a sharp rising wedge, should it break a fall to lower support lines is likely.
Nevertheless I am extremely bullish and looking forward to higher values of ADA. A fall on the lower support line could be a great buying entry.
let's see how the chart further develops from here.
Thank you for reading my analysis on ADA.
Comment:
We saw a minor correction and I think ADA is now ready to challenge its ATH this week!!