Earlier this morning, ADA bounced off the top of the bearish channel when the bearish Chinese news came into the market.
With the market seemingly rebounding as we speak, we might see a bullish break out from the bearish channel, also known as a bull flag break out. Main target in case of a break out $2.55.
On the other hand, if the sell-off in the stock markets continue, ADA migh follow the bearish channel for the near future.
Happy trading!
With the market seemingly rebounding as we speak, we might see a bullish break out from the bearish channel, also known as a bull flag break out. Main target in case of a break out $2.55.
On the other hand, if the sell-off in the stock markets continue, ADA migh follow the bearish channel for the near future.
Happy trading!
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