Ada/btc is looking brilliant, it has wiped off the entire drop from the 19/05 and is currently breaking out if a IH&S looking to make fresh highs.
Ada has held up very well in this crash and i expect further upside.
Btc is still on shaky ground so any sudden drop could still destroy alts in the short term.
Be cautiously optimistic.
Not just a pump, it looks like a long-term channel is forming on ADA. We're just post-pump, so this isn't necessarily the best entry point. Wait for a touch, or cross in then out on the RSI oversold, or a touch or a break out of the channel lower wall.
The green line is a possibility, not an accurate description of the future. I'd expect mainly movement within...
In recent history, oversold and overbought indicators (marked with arrows) have strongly correlated with changes in price direction. On top of this, bullish divergence (orange lines) adds to a feeling of optimism about ADA's price.
But whatever you do, don't listen to me. I'm just some guy and probably wrong.
I AM A NOOB WHEN IT COMES TO THIS AND THIS IS THE FIRST TIME I AM TRYING SOME TECHNICAL ANALYSIS. THIS IS MAINLY FOR ME TO GET FEEDBACK FROM YOU AND TO TEST MY THEORY OUT. TWO INDICATORS ARE SHOWING THAT WE ARE LOOKING AT A POTENTIAL BREAKOUT VERY SOON. PREDICTION