ADA Channel Breakout Imminent

Things are getting tight for ADA on the smaller time frames, which could set up a nice trade in either direction. Things to keep an eye on are the EMA and MA ribbons, as they will be acting as resistance. Shown below for reference https://www.tradingview.com/x/0kES2w9p/ https://www.tradingview.com/x/GPP7yVv0/ Potential trade setup: https://www.tradingview.com/x/tpxjlmps/ Looking to scale out at 1.48 (9.4%) on a long and 1.18 (6.5%) on a short. Be cautious of fake outs in either direction.