After having a little fake out ADA finally looks ready to rise sustainably. The daily bullflag ist still valid and the 1200ish zone proves to be a reliable support. If ADA preferred to take the way down it would've already happened i guess. For me the fake out looks more like begging for upward momentum rather than a real bull trap, which should've pulled the price below the support.
In any case the way upwards has some significant obstacles. In the 1300 to 1400 range a couple of big stacks of more than 1 million ADA each have been placed (on Binance).
Let's wait and see ... Critics and ideas on my analysis are welcome!
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