frischman

ADA Breaks Upper Channel - Another Week Of Sideways

Panjang
KRAKEN:ADAUSDT   Cardano / Tether USD
ADA has finally broken the upper channel after 88 days in that channel. Every move seems to be followed by a period of sideways action of 7-14 days and I suspect we are in the beginning of one of those now although now we are above the channel and will be testing that trend line. The next week will give MACD and RSI time to get a little more 'Long Friendly'.

The August Mainnet launch is so highly anticipated along with the expected 'run to $7-$10', ADA has been a waiting game. No one wants to miss the run but no one wants to jump in on a coin that is going to go sideways for another 88 days. Which means once the ball start rolling (uphill), it is going to roll fast and hard.

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