Before the dip, we had assumed the coin was in an pattern. After our little dip/correction yesterday, ADA's path has now transformed into a symmetric triangle. While the previous triangle was targeting just before Christmas (the 24th,) it looks like we're looking at a breakout on the 26th, 27th at the latest.
The Ichi cloud confirms sideways movement for the next few days.
Sorry about any inaccuracy with the triangle, touchpads on laptops are not my friend.
Regarding the daily chart, I assume ADA price will first go down very slightly and then consolidate before the next big move.
For the moment I'm out, watching for the next BTC moves, I pray god we don't see a bull trap and then bubble burst. Anyway now I'm watching and ready to enter ADA again and follow de trend !
HOWEVER... we are not out of the woods with Bitcoin. We may be experiencing a bull trap right now and it could possibly top out and then shoot further back down, inevitably bringing all other coins with it. So trade with caution!