What could happen to ADA?
So Cardano has been drawing a nice ascending triangle that might lead us to a new ATH or also down to our support at 0.9.
It´s been forming higher lows and keeps the same highs. -> Bulls are winning.
But I'm still bullish on ADA because it has just bounced from the double support level, and if drops from a bounce it has to hit both of the supports again.
RSI is looking good as well and ADX too. Volume is pretty good and looking forward new ATH.
3 Scenarios
1, Yellow - most optimistic
ADA can break up pretty fast with enough volume.
2, Green - most realistic
ADA will bounce back and break up later.
It wouldn't need that much volume and would be healthier.
3, Red - most pessimistic
ADA will break down from the triangle and will meet its support around 0.9 or 1USDT.
It´s been forming higher lows and keeps the same highs. -> Bulls are winning.
But I'm still bullish on ADA because it has just bounced from the double support level, and if drops from a bounce it has to hit both of the supports again.
RSI is looking good as well and ADX too. Volume is pretty good and looking forward new ATH.
3 Scenarios
1, Yellow - most optimistic
ADA can break up pretty fast with enough volume.
2, Green - most realistic
ADA will bounce back and break up later.
It wouldn't need that much volume and would be healthier.
3, Red - most pessimistic
ADA will break down from the triangle and will meet its support around 0.9 or 1USDT.
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