ADA has continued it's drive north on the charts and has behaved strangely well within the channel.
I'd like to see a pull back and consolidation before a move higher.
A lot of media attention at present and with Mary Hard-Fork scheduled for tomorrow we might see some more volatile price activity over the next few days.
A surge higher could potentially find support on top of channel but it would be weak support at best so I'd be looking to protect gains if we head back to ATH or above.
I'd much prefer an entry on baseline support.
If ADA loses it's major support line I'd be looking for far cheaper entry prices.
As always, not financial advice
Just my thoughts and TA
Bingaz
I'd like to see a pull back and consolidation before a move higher.
A lot of media attention at present and with Mary Hard-Fork scheduled for tomorrow we might see some more volatile price activity over the next few days.
A surge higher could potentially find support on top of channel but it would be weak support at best so I'd be looking to protect gains if we head back to ATH or above.
I'd much prefer an entry on baseline support.
If ADA loses it's major support line I'd be looking for far cheaper entry prices.
As always, not financial advice
Just my thoughts and TA
Bingaz
