ADAUSD - Breakout Approaching

KRAKEN:ADAUSD   Cardano / U. S. Dollar
ADA has made fresh high in the last two weeks and has been consolidating on the downside forming a good triangle structure. Price sustaining can see ADA breaking out on the top side.

Volumes have fallen from the highs. Good volume is required for a good upmove. Otherwise we might see a breakdown.
Comment: Price did not sustain. Broke down.
Comment: ADA listing on CoinBase & CoinBase Pro has shown some breakout and profit booking as well.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.