Been following ADA close over the last week.
This is best seen on an hourly, but with the recent surge ADA was able to jump back into the channel but failed to stay above the original trend line. In previous analysis I have indicated ADA needs to close above 6k to confirm the next wave. It has tested this resistance 4 times in the last week. I believe it needs one more bounce off the EMA convergence to make this happen.
After that, next resistance will be 7k
see my previous analysis for more detail
This is best seen on an hourly, but with the recent surge ADA was able to jump back into the channel but failed to stay above the original trend line. In previous analysis I have indicated ADA needs to close above 6k to confirm the next wave. It has tested this resistance 4 times in the last week. I believe it needs one more bounce off the EMA convergence to make this happen.
After that, next resistance will be 7k
see my previous analysis for more detail
Comment:
Comment:
just updating the progression to see how close my squiggles are :)
