Cardano(ADA) is going to pump after this breakout!
As you saw Bitcoin did break its flag pattern (See related analysis), and goes up very good.
Altcoins like ADA always are late in climbing but they climb finally!
Lower wedge pattern trend line which is also a weekly channel's lower trend line is supporting price.
IMO an strong breakout will happen according to technical analysis and Market situation.
A 4H engulf candle above 2.33$ will cause an strong rally up to All Time High and surely upper after some side ways and corrections.
Don't forget that ADA Just is heavy because of its market cap and this delay was expected.
Personally I don't think that Ada break weekly support channel trend line but a fake breakout or shadow to throw out weak hands can be happen.
Like and comment for more analysis like this is needed!
Be Profitable.
Altcoins like ADA always are late in climbing but they climb finally!
Lower wedge pattern trend line which is also a weekly channel's lower trend line is supporting price.
IMO an strong breakout will happen according to technical analysis and Market situation.
A 4H engulf candle above 2.33$ will cause an strong rally up to All Time High and surely upper after some side ways and corrections.
Don't forget that ADA Just is heavy because of its market cap and this delay was expected.
Personally I don't think that Ada break weekly support channel trend line but a fake breakout or shadow to throw out weak hands can be happen.
Like and comment for more analysis like this is needed!
Be Profitable.
Comment:
Be ready for Pump!
