INTERPRETATION BITTREX:ADABTC has bullish symmetric triangle forming & likely to continue its upward trend post-consolidation. Current entry is risky so stop-loss was placed appropriately. Conservative traders can ignore breakout entry & wait until 6750 to enter @ the top triangle imaginary line to test for pull-back. First target @ ~7080 & final @ 8400. Confirmation of bullish run can be confirmed w/ additional buy markers (see below).
POSITION Entry @ 5760 (Target 8400) Stop-Loss @ 5580
INTERPRETATION "Terrible Tuesday" caused the primary coins & alts to plummet before rebounding in a . Cardano ADA was no exception to the market. ADA currently trading sideways & may be hitting end of correction period before continuing its upward trend. Possible bullish flags forming. Consider entry if 0.382 fib resistance is passed.