Ada usdt 1h

15 באפר׳ 2021

ADA is moving into a pennant
Volatility is being bullish and Local bullish trendline is support movement..
Also there a MA 50 which was supported movement and it formed a bullish trendline !!

Everything seems ok in low TF; But on high TFs, There are many indicators which are reaching their buy limits..
How ever I expect another breakout just like last night, If it breaks pennant one more time,
ADA will makes another ATH ..

Based on market's situation; There is a possible chance for ADA to bounce again !
So next candles are critical for direction...

📌 Have to mention that there is a bullish trendline which is formed on RSI and it's supports RSI's movement on current TF.
🔴 Many factors are leading BTC to have a correction on mid-term overview; Trade safe, Better to wait for breakout !!

What happens if ADA rejects bullish trendline and MA 50 ?
If ADA reject to continue the upward movement, It will dive to lower supports at 1.41$ and 1.35$.
Gratefully they are not so far from current level ( about 8% lower )
So there won't be any problem if it rejects pennant !!