ADA ascending triangle - bullish breakout potential
There's a clear ascending triangle pattern formed on ADA from the past 12 hours or so... expecting a breakout toward 2950 sats or so if confirmed.
As with most cryptocurrencies at the moment, if bitcoin moves against this breakout it could undermine the continuation pattern since there is a clear correlation with BTC's price action recently.
As with most cryptocurrencies at the moment, if bitcoin moves against this breakout it could undermine the continuation pattern since there is a clear correlation with BTC's price action recently.
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REJECTED: BTC weakness ($100 price drop) drove ADA price down further, negating the ascending triangle pattern. There is a TD 9 on the sequential count of the 4h chart that could lead to a bounce over the next few hours.