ADA's Target if Falling Wedge is Broken

24 ביולי 2021

If ADA is able to successfully break the falling wedge resistance we're looking at a huge target at approximately $2.02.

There will definitely be resistance along the way, so I've drawn out the potential scenarios and resistance lines that could impact the price action on the way up.

26 ביולי 2021

הערה

Things are looking positive on our way back to $2. As I'm writing this update the price action is currently sitting at a minor resistance level at $1.35. You can see the 4 candles from 09Jul21 - 12Jul21 that create this resistance level.

We have easily passed through the $1.31 fib retracement level so we could see our next price decline back to this mark to test for support.

Overall, signs look positive!

13 באוג׳ 2021

עסקה סגורה: היעד הושג

ADA just tapped the $1.998 mark. While this isn't the exact target I had lined out I am content in calling right now a successful falling wedge breakout!