Here's a quick update on ADA 4 hr chart. As we can see, ADA broke out from the bigger symmetrical triangle but could not withhold its momentum due btc falling in price. It is now back in the triangle and the same idea goes again - buy the breakout.
The idea is: Buy the breakout from the level shown in the chart and sell at the target areas shown in the chart. Targets: 1. 1.31$ 2. 1.47$
Follow me for daily profitable trading setups!
BTC dictates the market. If BTC goes down, then the alts will take a hit. Trade safe!
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.