ADAUSD - rising wedge
ADA looks to be forming a rising wedge with decreasing volume.
I'm looking for a breakdown to the first support area of $1.10-$1.04, if that should fail, next support area would be $0.94-$0.84; additionally, ADA can't get a daily close above resistance, $1.65.
rising wedges are one of the worst performing chart patterns so there is a chance price could break upwards; however, given the current market structure and the # of shorts out on BTC right now, I would expect a move to one of the support areas below current price.
not trading advice
tg
I'm looking for a breakdown to the first support area of $1.10-$1.04, if that should fail, next support area would be $0.94-$0.84; additionally, ADA can't get a daily close above resistance, $1.65.
rising wedges are one of the worst performing chart patterns so there is a chance price could break upwards; however, given the current market structure and the # of shorts out on BTC right now, I would expect a move to one of the support areas below current price.
not trading advice
tg
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.