ADA has been off its EMA 200 for almost a month and a half. Having already observed long periods of sideways consolidation, I believe ADA will come back to the 200 (yellow box) before a big upward movement. Once the market is bull again by March, I would not be surprised to see ADA pull a Ripple and 2x (or moon) in a very short time span. However, expect another steep prolonged correction to follow most likely to the red box, lasting weeks.
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Nice little upward break this morning. I'm very bullish on ADA but we need to see test and breakthrough of 6000 before I'm convinced we're finally on the up.