Here is my analysis on ADA 2 hr chart......
It already broke down out of its symetrical triangle, but is now back in it. Looks like it has formed an inverse Head & shoulders. I did a measured move for both symetrical triangle and inverse head and shoulders and they both meet the next point of resistance 0.4517 and also this where the red vector candle range is.
It already broke down out of its symetrical triangle, but is now back in it. Looks like it has formed an inverse Head & shoulders. I did a measured move for both symetrical triangle and inverse head and shoulders and they both meet the next point of resistance 0.4517 and also this where the red vector candle range is.
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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.