ZenitCrypto

ADA/USD about to breakout

Long
ZenitCrypto Updated   
PHEMEX:ADAUSD   None
This depends on what direction bitcoin will move. Got a nice looking symmetrical triangle here. These tend to break up in a bull market. You could either short or long this breakout, but I'm personally going long.
Comment:
You can't really see it from this view, but I just noticed some hidden bullish divergence on the RSI and Stochastics 4HR. There's a bearish cross on stochastics as well, but this triangle is getting tight. It's about to break out.
Comment:
Jerome Powell didn't address the market the way the market wanted in regards to bond yields. This dropped all markets, and therefore invalidated the pattern.

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