ADA ascending triangle - bullish breakout potential

4 juin 2018

There's a clear ascending triangle pattern formed on ADA from the past 12 hours or so... expecting a breakout toward 2950 sats or so if confirmed.

As with most cryptocurrencies at the moment, if bitcoin moves against this breakout it could undermine the continuation pattern since there is a clear correlation with BTC's price action recently.

5 juin 2018

Note

REJECTED: BTC weakness ($100 price drop) drove ADA price down further, negating the ascending triangle pattern. There is a TD 9 on the sequential count of the 4h chart that could lead to a bounce over the next few hours.