ADA has gained momentum recently. An increase in volume shows a valid impulse wave sign. According to the Wave Principle, ADA is currently in a 3rd-degree wave which typically has the strongest upthrust. However, there is a very strong resistance line up ahead as well as Custom Signal is in the overbought territory. A small correction might be seen before the continuation.
Note
We can observe a correction as expected.
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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.