ADA→ Climbs out of falling channel, presses 0.68 trend-lid
↳ Accept > 0.68 targets 0.72–0.75 → 0.80–0.85
⇢ Must defend 0.60–0.63 breakout shelf
⤴ Fall < 0.60 hands reins to bears aiming 0.58–0.55
Trade active
ADAUSDT TECHNICAL ROADMAP🚀 A five-month descending broadening wedge has squeezed
ADA to its 0.60 – 0.62 floor, where 3-hour RSI sits under 30 while OBV quietly rises. That cocktail often precedes sharp snap-backs as late sellers exhaust.📊 A decisive hourly close above 0.70, backed by volume at 120 % of the 20-day mean, would confirm a momentum shift. Classical wedge maths implies a burst toward 0.77-0.79, the March supply lip.
⚠️ Two daily finishes below 0.58 cancel the bullish script and expose 0.55; risk discipline matters as the pattern reaches its apex.
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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.