After dropping about 21% ADA is simply range bound between 1.18 and 1.31 usd. Sooner or later we will break in one direction. The measured move of this channel could have us testing 1.45usd again and testing the upper resistance line, interestingly the measured move to the downside could bring us through or at least test the lower trending area. (there is no real solid trend line)
Note
The channel obviously broke out to the downside and is approaching a buy zone imo
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.