ADA broke up from the ascending triangle and made a nice pump.
However, there are some signs this momentum is fading a bit as shown by the decreasing volume. We need this to pick up in order to sustain the pump. However, on daily, ADA looks great and we should be able to reach $1.3 eventually. The yellow parabola is a good indicator of our momentum, so we have to not break it to maintain it.
We are also currently testing the $1.1 level as support. If it holds, we're good.
Bias remains bullish and ADA did a very nice run so far! Congrats if you longed it!
Like and follow if you liked this idea! Also join my crypto community to stay in touch and watch my TA videos on YouTube!
However, there are some signs this momentum is fading a bit as shown by the decreasing volume. We need this to pick up in order to sustain the pump. However, on daily, ADA looks great and we should be able to reach $1.3 eventually. The yellow parabola is a good indicator of our momentum, so we have to not break it to maintain it.
We are also currently testing the $1.1 level as support. If it holds, we're good.
Bias remains bullish and ADA did a very nice run so far! Congrats if you longed it!
Like and follow if you liked this idea! Also join my crypto community to stay in touch and watch my TA videos on YouTube!
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