Cardano ADA, Ascending Triangle or Bearish Triangle/Flag
With Bitcoin moving inside a frustrating range for a week now, alts are also showing different shapes. Some show bullish signs while others still look bearish. ADA is also still in the 50/50 zone. As i have mentioned countless times, almost all triangles in Crypto, are 50/50 to me.
The triangle on the right looks pretty textbook, but since we have a lot of noise in the market past week, i would only become (short) term bullish on ADA if we follow the blue line. So touching 0.066 one more time, then make a higher low and the push up again. If it moves like that, its usually a much safer way to trade a triangle. So any other movement, is noise to me.
Actually don't even want to make this analysis, because of all the noise in the market, but since many of my members asked for it, going to try and make a few on some alts.
Don't forget to like if you appreciate this:
Previous analysis:
The triangle on the right looks pretty textbook, but since we have a lot of noise in the market past week, i would only become (short) term bullish on ADA if we follow the blue line. So touching 0.066 one more time, then make a higher low and the push up again. If it moves like that, its usually a much safer way to trade a triangle. So any other movement, is noise to me.
Actually don't even want to make this analysis, because of all the noise in the market, but since many of my members asked for it, going to try and make a few on some alts.
Don't forget to like if you appreciate this:
Previous analysis:
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