ADAUSD is showing a double bottom on the weekly 'Gaussian Channel' Indicator which shows strong points of support and resistance within a channel
ADA is breaking up out from a downtrend previously formed
This downtrend is small however (considered on the weekly timeframe)
On the Monthly timeframe the downtrend isn't really considered at all, price is way above the Channel, displaying the bull nature on this timeframe
ADA is breaking up out from a downtrend previously formed
This downtrend is small however (considered on the weekly timeframe)
On the Monthly timeframe the downtrend isn't really considered at all, price is way above the Channel, displaying the bull nature on this timeframe