Its been a fun few days for ADA and it looks like theres more fish in the fridge on this run. ADA heading for a triangle squeeze on an upwards trend with strong support.
This trend has been seen many times on other occasions and now is not any different. A period of sideways movement with support and resistance, if the triangle or extended triangle is broken then the trend will either increase to a new level of resistance (rise) or a lower level of support (decline).
These break out usually don't last long so sit tight and watch the fireworks.
Conclusion: Should be good for a short
This trend has been seen many times on other occasions and now is not any different. A period of sideways movement with support and resistance, if the triangle or extended triangle is broken then the trend will either increase to a new level of resistance (rise) or a lower level of support (decline).
These break out usually don't last long so sit tight and watch the fireworks.
Conclusion: Should be good for a short