Hi, this is my new update for ADA. In my last analysis I told you guys that we have a big support level around $1.50 and we are going to bounce from there and we did it very well. In the short time frame we were in a downward parallel channel and we broke it with a 12% gains yesterday and today we have backtested the broken trendline and that is normal. If we break the trendline, then things will get little bit ugly in the chart. So be patient and don't panic ;)