This pattern is also a distribution pattern so ADA has to confirm its bullishness by :
a) Moving price above the yellow Dashed line which is support now turned into resistance
and also
b) by closing price above the top resistance at 1.38
To get things started in the right direction a close above the yellow Dashed line is required .
a) Moving price above the yellow Dashed line which is support now turned into resistance
and also
b) by closing price above the top resistance at 1.38
To get things started in the right direction a close above the yellow Dashed line is required .