Good Afternoon traders,
We've seen bullish momentum formulate in the last day and it's lead us into a strong ascending wedge pattern on the hourly chart for ADAUSD
At the time of publishing, we're currently fighting a resistance zone at $2.75, I believe ADAUSD will break through this for a plethora
of reasons:
for this coming week, we will soon see a retest of all time highs!
Best of luck to all,
Spence
We've seen bullish momentum formulate in the last day and it's lead us into a strong ascending wedge pattern on the hourly chart for ADAUSD
At the time of publishing, we're currently fighting a resistance zone at $2.75, I believe ADAUSD will break through this for a plethora
of reasons:
- We've regained the 200MA, and if continued upwards, we may see a Golden Cross forming.
On the 6th of this month, we saw a Death Cross occur, which coincided with our fall to $2.00,
so with the formation of this extremely bullish indicator, I believe we will observe the price become exceedingly bullish
- We have one day until we see the launch of our Smart Contracts program, which may entice buyers and bring in volatility with volume
- We also see a very nice ascending wedge forming, of which we've tested support 3 times, and resistance only twice.
for this coming week, we will soon see a retest of all time highs!
Best of luck to all,
Spence