There are signs for ADA to breakout such as whales (1M ADA) waking up but the volume indicators are still too low. There is a big danger that this breakout try is a false positive and ADA will drop far lower.
Last breakouts have been associated gains of 90% while here we are seeing only 40% correction with too little volume.
Watch out for TA before exeecting any trade, RSI indicators are accumulating momentum, the timing may be little too early.
In earlier phases of the past, we have been hitting the PI cycle lower bounds and stayed there longer periods of time. If history is to follow, we may have to wait longer.
Be patient.
No financial advice.
Last breakouts have been associated gains of 90% while here we are seeing only 40% correction with too little volume.
Watch out for TA before exeecting any trade, RSI indicators are accumulating momentum, the timing may be little too early.
In earlier phases of the past, we have been hitting the PI cycle lower bounds and stayed there longer periods of time. If history is to follow, we may have to wait longer.
Be patient.
No financial advice.