We have a potential breakout of ADA from this falling wedge
Once we retest the breakout area and manage to close above the target would be fib 0.6 at around 3 USD which would confirm a new uptrend.
This price action might have to do with the recent news of upgrades on the network so I'd expect this to play out on the bullish side before end of the year.
I've been accumulating below 2 dollars on every occasion the price went below.
If this doesn't play out and it turns out a fake out (we had one before) I would be looking to add some more with the expectation of eventually still hitting the target late 2021 or early 2022.
Cardano team has been improving massively in the last year and its one of the only top caps that hasn't had any relief or bullish rally in quite a while.
Many eyes are on ADA and when that happens some volatility is a must.
Facts:
1) Market cipher green dot on the daily
2) RSI in buying zone according to previous data
3) IFTRSI fires buy on daily at 0.9 level
4) falling wedge apparent breakout (although it hasn't tested it as support yet)
Once we retest the breakout area and manage to close above the target would be fib 0.6 at around 3 USD which would confirm a new uptrend.
This price action might have to do with the recent news of upgrades on the network so I'd expect this to play out on the bullish side before end of the year.
I've been accumulating below 2 dollars on every occasion the price went below.
If this doesn't play out and it turns out a fake out (we had one before) I would be looking to add some more with the expectation of eventually still hitting the target late 2021 or early 2022.
Cardano team has been improving massively in the last year and its one of the only top caps that hasn't had any relief or bullish rally in quite a while.
Many eyes are on ADA and when that happens some volatility is a must.
Facts:
1) Market cipher green dot on the daily
2) RSI in buying zone according to previous data
3) IFTRSI fires buy on daily at 0.9 level
4) falling wedge apparent breakout (although it hasn't tested it as support yet)
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