ADA has recently broken out of a long down trend after declining all the way to a weekly up trend line. After bouncing off it and going on a short term bullish run, ADA has retraced down and respected the weekly trend line another 2 times. It is now forming an ascending triangle between the trend and a 4 hr resistance.
Watching closely here for a break and entry on the retrace or a retrace and another bounce off the trend line.
I think this will be determined by BTCs movements over the next few candles.
Watching closely.
Watching closely here for a break and entry on the retrace or a retrace and another bounce off the trend line.
I think this will be determined by BTCs movements over the next few candles.
Watching closely.