Crypto Market is in consolidation phase lately, as we know during this consolidation phase more likely assets form either continuation patterns or trend reversal patterns !
Here ADA against USDT forming ascending triangle pattern, indeed we can have breakout either way but IMO the breakout is likely upwards and it's interesting to make note that BTC experiencing huge sell pressure as of now! Even though many ALTS are forming bullish patterns it's upto BTC to make them work.
But like I said let's just not try to predict the market move, Let's just read the market and wait patiently for the market to make the desired move so that we can enter the trade.
Here ADA against USDT forming ascending triangle pattern, indeed we can have breakout either way but IMO the breakout is likely upwards and it's interesting to make note that BTC experiencing huge sell pressure as of now! Even though many ALTS are forming bullish patterns it's upto BTC to make them work.
But like I said let's just not try to predict the market move, Let's just read the market and wait patiently for the market to make the desired move so that we can enter the trade.
Trade closed manually:
Unable to reach target zones even though it broken in upward direction.
that's big one !!