ADA is currently forming a bullish pennant with consolidation around the 0.318 Fibonacci line from the previous high. A breakout of the pennant with trending volume will mean a swing up to 2500, the area to take profits. A breakdown of the pennant will mean a drop back to 800.
Price Target: 2500
Re-entry at the 0.618 retracement at 1700.
Price Target: 2500
Re-entry at the 0.618 retracement at 1700.
Trade closed: target reached