I really like how solid the breakout of this descent was with the break candles also closing with a minimal wick.
I think If Ada breaks above this 1.16 level with some clear momentum I feel the next resistance around 1.23 (+6%) will get hit very fast.
I will then look for some sort of pullback from this area and would judge the current price action and area to decide if it is a good buying zone.
Realistically if Ada makes the 1.16/1.23 area BTC has likely broken back above the EMA and for me, that is extremely bullish so I would be more relaxed about waiting for the "perfect buying zone".
I think If Ada breaks above this 1.16 level with some clear momentum I feel the next resistance around 1.23 (+6%) will get hit very fast.
I will then look for some sort of pullback from this area and would judge the current price action and area to decide if it is a good buying zone.
Realistically if Ada makes the 1.16/1.23 area BTC has likely broken back above the EMA and for me, that is extremely bullish so I would be more relaxed about waiting for the "perfect buying zone".