ADA - breakout inbound!
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ADA is following a bullish pennant form very well and I think that it has room to explode UPWARDS. Lot's of bullish and volatile indicators here with the coin looking to consolidate within the next 12-24 hours. Bollinger bands are getting very tight which looks like the price is ready to explode (this could be upwards or downwards). RSI is neutral, this is one of the few coins that is currently not oversold which is a good sign. The MACD histogram is starting to go positive after long indecisive movement as well as the MACD lines about to have a bullish crossover. There is a lot of buying momentum and ADA is sitting on the support line right now.
I am aiming to buy around 5170-5180 sats. I have a stop loss set at 5000 although it shouldn't got that low unless there is a huge crash. I have no targets, I will be riding this out and selling when I am happy for profits.
I am aiming to buy around 5170-5180 sats. I have a stop loss set at 5000 although it shouldn't got that low unless there is a huge crash. I have no targets, I will be riding this out and selling when I am happy for profits.
Nota
We hit 6,000 sats for a 20% gain!
Penafian
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