ADA Bullish BUMP & RUN Pattern $1.32 - $1.62 ATH TARGET

ADAUSDT Bump and Run Pattern :

The ADA bump and run pattern is conceived by the successful descending triangle defined by the top upper trendline COLOURED in RED, creating a strong resistance as BUMP occurs. The BUMP is highlighted in GREEN, usually as an initial submission to the bears. Once the RED upper trendline is broken, the RUN phase will play out with the target extrapolated by the height of the BUMP phase with $1.32 as the TARGET.

However, I suspect that ADA will not stop here with its strong momentum, and that we will print new ATHs when the inertia provided by this bullish pattern.

I have used the BTCUSD BUMP & RUN PATTERN PUMP from 2018 chart as a reference below.

--EDITED-- I am unable to show the chart as I have do not have enough points yet to post image URLs, **REFER TO 2018 BTC ON DAILY CHART AFTER DESCENDING TRIANGLE**

If ADA is able to break it just like BTC in 2018, we should be able to find new ATHs relatively easily.

Godspeed,

Takeda.