- There is a giant descending wedge pattern, which was triggered with a decent volume already.
- Now the price is squeezed between the resistance at 1.25 and daily SMA-100.
- You may want to wait for resistance breakout at 1.25 before buying.
- When you draw a Fibonacci Retracement from A to B, you will see the level 0.618 coincides with the wedge target. So, it is good idea to be cautious then.
Kommentar:
ADA broke it's support level at 1$ and next major support is at 0.76$. A good point for a reversal, if there is to be.