Looking at ADA/USD pair. Some interesting observations to note: ADA is trading on the same previous pattern when it first reached ATH, similiar pattern has been form after the failing to break ATH after coinbase listing. (Red lines)...
There is also a very ugly head and shoulder forming with the Blue neckline. Interesting that I also see a symmetrical triangle being form as well. So if something is going to happen up or down it will most likely happen in the next 2 or 3 days. Personally I am long. I think it will break upwards, and I am just being patient. Hold the line ADA warriors!! buy the dip if it drops. This might be the last time we see ADA near 1$..
The red parallel lines identify resistence at $1.27 and $1.38 and support around $1.17
There is also a very ugly head and shoulder forming with the Blue neckline. Interesting that I also see a symmetrical triangle being form as well. So if something is going to happen up or down it will most likely happen in the next 2 or 3 days. Personally I am long. I think it will break upwards, and I am just being patient. Hold the line ADA warriors!! buy the dip if it drops. This might be the last time we see ADA near 1$..
The red parallel lines identify resistence at $1.27 and $1.38 and support around $1.17