On the 4 hours chart, ADA has formed a bullish W shape that has broken through the resistance level.
After that ADA re-tested the previous resistance, now a support zone with rejection and possible upward continuation.
This was caused by the breakout of the BTC bull flag formation.
1 TARGET: 1.485$ (highest peak)
2 TARGET: 1.675$
3 TARGET: 2$
If you like such ideas, please leave a like and follow this channel so you don't miss another analysis.
This is NOT a FINANCIAL ADVICE. This is just my point of view on the current situation.
After that ADA re-tested the previous resistance, now a support zone with rejection and possible upward continuation.
This was caused by the breakout of the BTC bull flag formation.
1 TARGET: 1.485$ (highest peak)
2 TARGET: 1.675$
3 TARGET: 2$
If you like such ideas, please leave a like and follow this channel so you don't miss another analysis.
This is NOT a FINANCIAL ADVICE. This is just my point of view on the current situation.