We've had this consolidation for a while, and a break above or below it will force the price out in that direction. If we break this triangle downwards, it could mean breaking the 1145-ish resistance. This could be the big ADA correction that we've been waiting for as the hype dies and the price corrects.
Commentaire:
It looks like the top of this triangle has been converted from resistance into support. Be careful, this could be the start of a bearish flag before a continued down-trend.
Commentaire:
Alright, we've finished the other end of the bear flag. Time to see if this continues downwards to the resistance or tries to pop back up again.
Commentaire:
Another bearish ascending triangle. This could force the price down to the point where we could have a break through the resistance! Be weary of a false break.