After finally popping out of its Falling Wedge, ADA has been consolidating for a couple days in (what I believe) is a Bullish Pennant - continuation pattern.
OBV is staying strong, and StochRSI seems to be starting a bullish divergence. ADA even has support from the lower BB which usually means it has been oversold. All good signs IMO.
If ADA jumps up and out of the Pennant, it will meet resistance from the dotted yellow lines, and might even consolidate a bit in between.
However, if ADA falls out of the Pennant, it will be supported by Fibonacci Levels 0.618 and 0.5 marked by red solid lines.
Good luck!
OBV is staying strong, and StochRSI seems to be starting a bullish divergence. ADA even has support from the lower BB which usually means it has been oversold. All good signs IMO.
If ADA jumps up and out of the Pennant, it will meet resistance from the dotted yellow lines, and might even consolidate a bit in between.
However, if ADA falls out of the Pennant, it will be supported by Fibonacci Levels 0.618 and 0.5 marked by red solid lines.
Good luck!
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