It looked like an inverse head and shoulders was forming, and we may be getting resolution of it at the moment. Price went up close to test the resistance level at about .148, we’ll see where this 4 hour candle closes. Looks like we may be coming to a resolution of this symmetrical triangle/bull flag around August 15th. Will Coinbase list ADA around that time, or some other news even happen, and drive ADA higher, or are we overbought, and due for a correction?
ADA has had a history of upward movement, followed by these symmetrical triangle/bull flags over the past few weeks. Are we in the process of repeating the pattern to move higher?
There could also be a larger inverse head and shoulders that I did not indicate on the chart. Leave your thoughts below.
ADA has had a history of upward movement, followed by these symmetrical triangle/bull flags over the past few weeks. Are we in the process of repeating the pattern to move higher?
There could also be a larger inverse head and shoulders that I did not indicate on the chart. Leave your thoughts below.