ADA is approaching the end of this formation and I'd expect a nice breakout. At least this is what the indicators are suggesting.
However, wait for this formation to resolve to get confirmation, then enter your position. A break above $1 will set up on a path towards $1.3 at least. If we fail to breakout then we may fall to $0.75.
Time to be patient and let the price lead the way. :)
For now bias remains bullish, but wait for confirmation, do not buy here as this is still too risky/uncertain. We have resistance just above and we need to push above it to be sure.
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However, wait for this formation to resolve to get confirmation, then enter your position. A break above $1 will set up on a path towards $1.3 at least. If we fail to breakout then we may fall to $0.75.
Time to be patient and let the price lead the way. :)
For now bias remains bullish, but wait for confirmation, do not buy here as this is still too risky/uncertain. We have resistance just above and we need to push above it to be sure.
Like and follow if you liked this idea! Also join my crypto community to stay in touch!
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