ADA/USD
ADA/USDT 1D chart
After facing a nice correction with a pullback ower 30%, the price action started to consolidate in a descending triangle trapped between the nice support line from 15th May and the purple trendline. Fibonacci levels are well respected.
Additionally, we're facing a declining volume which normally indicates a big move is about to happen in near future. We can expect the higher volatility of price in the following 2 days. - Many altcoins are facing the same situation.
Note, the price also seems to form a bullish flag. I wouldn't be surprised if that shoots us in the new altcoin cycle.
After facing a nice correction with a pullback ower 30%, the price action started to consolidate in a descending triangle trapped between the nice support line from 15th May and the purple trendline. Fibonacci levels are well respected.
Additionally, we're facing a declining volume which normally indicates a big move is about to happen in near future. We can expect the higher volatility of price in the following 2 days. - Many altcoins are facing the same situation.
Note, the price also seems to form a bullish flag. I wouldn't be surprised if that shoots us in the new altcoin cycle.
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