ADA looks to test the limits of this formation and may breakout soon. This last pump shows buyers are strong at support.
Another pump and we fly to the key resistance at $2.3.
Bias is bullish on this chart, look at the indicators. MACD on daily flipping to positive.
Like and follow if you liked my idea!
ADA left the descending channel and ended up in a very tight range between $2 and $2.2... see in blue.
Even if we break from this range, we're stuck in a much larger range set back in September from $1.9 to $2.4...
The indicators are a bit bearish in my view. Particularly the volume gives no indication of a rally anytime soon.
The OBV indicator (in pink) has...
