ADA is currently inside a descending triangle. Those kind of pattern tends to breaks upward.
Moreover, ADA is on a FIB support as well as a support from my Ref boundaries indicator (black dot line) and the MACD and God mod indicate a possible upward mouvement.
If the triangle break upwards, add some on break of the triangle!
TP 1 - 5900
TP 2 - 6559
Moreover, ADA is on a FIB support as well as a support from my Ref boundaries indicator (black dot line) and the MACD and God mod indicate a possible upward mouvement.
If the triangle break upwards, add some on break of the triangle!
TP 1 - 5900
TP 2 - 6559
Comment:
The test of the 5900 Fib Resistance was perfect!
Now we will have some sideways or downward movement in order to take some new strength to test again this Fib resistance
Now we will have some sideways or downward movement in order to take some new strength to test again this Fib resistance
Comment:
After touching the 5900 Fib resistance we got some downward movement.
We should go touch the 5200 Fib Support as well as the base line from my boundaries indicator (black dotted curve)
We should go touch the 5200 Fib Support as well as the base line from my boundaries indicator (black dotted curve)
For the moment the upward movement is quite shy but it's there! :)
We will see how it goes from here.