ADA outlook
Look at ADABTC nearing the upwards sloping resistanceline.
It immediately throws the question at you, will we bounce there or will we still see the green demand zone?
Well, let's also look at ADAUSDT : it's repeating its previous cycle TO THE TEETH for now :
We break downwards sloping trendline out of the bearmarket,
we fall into a falling wedge
we broke out of the wedge, just without the coronadump right after that
we shot up, eventually creating a cup and handle after which it shot up even further.
Right now, we're creating that handle.
Conclusion, i'm willing to put some BTC profits into ADA and let it run for a while.
Not financial advice ofc ;)
Happy trading !
It immediately throws the question at you, will we bounce there or will we still see the green demand zone?
Well, let's also look at ADAUSDT : it's repeating its previous cycle TO THE TEETH for now :
We break downwards sloping trendline out of the bearmarket,
we fall into a falling wedge
we broke out of the wedge, just without the coronadump right after that
we shot up, eventually creating a cup and handle after which it shot up even further.
Right now, we're creating that handle.
Conclusion, i'm willing to put some BTC profits into ADA and let it run for a while.
Not financial advice ofc ;)
Happy trading !
Nota
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