ADA - Ranging before more movement
ADA is currently ranging a bit and market has to decide the direction of the next movement.
It will be affect by the BTC market, but ADA has a good potential to bounce from here or the next lower support line. More drop will result in a heavy sell of and finding support in between or the lowest support line.
Good entry would be the breakout of the ranging area or a solid bounce from support.
I will wait and see how the market decides, also possible is a ranging movement out of the triangle and just ranging for several days/weeks which would be a good sign for long entry loadups.
It will be affect by the BTC market, but ADA has a good potential to bounce from here or the next lower support line. More drop will result in a heavy sell of and finding support in between or the lowest support line.
Good entry would be the breakout of the ranging area or a solid bounce from support.
I will wait and see how the market decides, also possible is a ranging movement out of the triangle and just ranging for several days/weeks which would be a good sign for long entry loadups.
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