ADAUSD RSI might predict short term price breakout
On the 4 hour chart we see that the price of ADA resulted in a move up when RSI hit the support zone. Although this signal is not the strongest, since we are only using two data points, we may let ourselves be optimistic and predict that the same will happen this third time. My prediction would then be that ada would move up and create support on the upper bound of the wedge. The RSI might also break out from that resistance.
Disclaimer
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.