ADA breakout of it’s Bullflag
As you can see on the chart ADA broke out of it’s bullflag to the upside against USDT.
By measuring the flag of the pole and place it on the breakout point it gives a potential price of $2.86 approximately for ADA. I’d say it has some overhead resistance of breaking it’s ATH at $2.58 but if it breaks it ATH it could lead up to even $3 because of the price discovery.
During this breakout we need to see the volume come in. Because if there’s no volume coming in, that could mean that the price is going to roll over.
This is my publication #4. Let me know what you think of it and if you have any questions, suggestions, feedback or other inquiries let me know! I’m also just a trader.
By measuring the flag of the pole and place it on the breakout point it gives a potential price of $2.86 approximately for ADA. I’d say it has some overhead resistance of breaking it’s ATH at $2.58 but if it breaks it ATH it could lead up to even $3 because of the price discovery.
During this breakout we need to see the volume come in. Because if there’s no volume coming in, that could mean that the price is going to roll over.
This is my publication #4. Let me know what you think of it and if you have any questions, suggestions, feedback or other inquiries let me know! I’m also just a trader.
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