As you saw Bitcoin did break its flag pattern (See related analysis), and goes up very good.
Altcoins like ADA always are late in climbing but they climb finally!
Lower wedge pattern trend line which is also a weekly channel's lower trend line is supporting price.
IMO an strong breakout will happen according to technical analysis and Market situation.
A 4H engulf candle above 2.33$ will cause an strong rally up to All Time High and surely upper after some side ways and corrections.
Don't forget that ADA Just is heavy because of its market cap and this delay was expected.
Personally I don't think that Ada break weekly support channel trend line but a fake breakout or shadow to throw out weak hands can be happen.
Like and comment for more analysis like this is needed!
Be Profitable.
Altcoins like ADA always are late in climbing but they climb finally!
Lower wedge pattern trend line which is also a weekly channel's lower trend line is supporting price.
IMO an strong breakout will happen according to technical analysis and Market situation.
A 4H engulf candle above 2.33$ will cause an strong rally up to All Time High and surely upper after some side ways and corrections.
Don't forget that ADA Just is heavy because of its market cap and this delay was expected.
Personally I don't think that Ada break weekly support channel trend line but a fake breakout or shadow to throw out weak hands can be happen.
Like and comment for more analysis like this is needed!
Be Profitable.
Ghi chú
Be ready for Pump!
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Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.