$ADA is about to break out from a rising wedge
Hi Traders!
We can see that $ADA is at the top side resistance of the rising wedge formation and daily resistance. If price can break out, then the next price target is $0.63. If price breaks down from here, then I suspect we'll see a break down to the range low at $0.46 with possible continuation down to the next support level at $0.40. I suspect the next move will be highly impulsive so strap on tight! It appears we could see a 20-30% move over the course of the next 1-2 weeks.
We can see that $ADA is at the top side resistance of the rising wedge formation and daily resistance. If price can break out, then the next price target is $0.63. If price breaks down from here, then I suspect we'll see a break down to the range low at $0.46 with possible continuation down to the next support level at $0.40. I suspect the next move will be highly impulsive so strap on tight! It appears we could see a 20-30% move over the course of the next 1-2 weeks.