ADA pattern update and analysis/price target!!
Hi all so i have been basing my analysis on ADA recently on a ascending triangle pattern but this is another way to look at the chart it coincides better if you look at the touches of the upper trend line of the triangle, we often get what's called fakeouts both to the upside and downside in these patterns where the price will jump or drop out of the pattern and then move straight back in in a short period of time, this is what happened here and we came back down to the bottom support line of the triangle pattern.
A break to the upside which is a more likely scenario in my opinion due to the fact we are in an uptrend and this is a continuation pattern of the trend will give us a target price of around 1.80.
BTC dominance is currently falling and has now breached a key area on the chart, this is a really good sign for the alt coins and I'm expecting april to be a really strong month across the board!!
A break to the upside which is a more likely scenario in my opinion due to the fact we are in an uptrend and this is a continuation pattern of the trend will give us a target price of around 1.80.
BTC dominance is currently falling and has now breached a key area on the chart, this is a really good sign for the alt coins and I'm expecting april to be a really strong month across the board!!
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