Like many alts right now $ADA also seems to have broken out of its, now past, trend. We should see a nice pump as soon as Bitcoin
is more stable, or as soon as Volume
follows. 3.1k is a potential resistance zone
, but after that, we shouldn't have much resistance until the Major Fib levels (0.382, 0.5, 0.618). As marked on the chart, I suggest you take some profits at each of them, and keep a lot out on the RSI
for whether or not it's overbought (it's currently oversold), and also at volume
to see if the breakout is confirmed.