ADA breakout rejected (for now) !
ADA breakout has been rejected/postponed (for now).
A nice upwards channel formed on 4h . So far movement in the chart has been steady and backed up with good volume. Price got rejected and might have to cool off a little bit or consolidate in the currently forming bull pennant and then attempt to go up again.
Even if we visit bottom of the channel the chances for a new breakout attempt in the coming days is big. Supply zone sitting right above 700 Sats (worth to keep in mind as well).
A nice upwards channel formed on 4h . So far movement in the chart has been steady and backed up with good volume. Price got rejected and might have to cool off a little bit or consolidate in the currently forming bull pennant and then attempt to go up again.
Even if we visit bottom of the channel the chances for a new breakout attempt in the coming days is big. Supply zone sitting right above 700 Sats (worth to keep in mind as well).
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