If you zoom out on the charts of ADA and various other alt-coins, you can see that they've formed a giant cup pattern over the span of over two years. For example ETH created a cup and was rejected near its ATH. This leads me to suspect that a handle formation can be created here before continuing to new all-time-highs. ADA has already retraced 38.2% from it's ATH, which is an acceptable retracement for the handle, although retracements can go as deep as 50% or 20 cents ADA. May need more time to play out than forecasted or may not happen at all. Just an idea, have a good one.
Commentaire:
Broke out of the flag bullish. No deeper retracement to 50% fib level.