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PatrickHob

ADA breakout in the next few hours

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Cardano (KRAKEN:ADAUSD)  
PatrickHob Uppdaterad   
KRAKEN:ADAUSD   Cardano
Trend Analysis Chart Patterns Technical Indicators ADA adausd adacardano cardano cardanousd
12
5
trendanalysis chartpattern indicator ada adausd adacardano cardano cardanousd
you are seeing the 4hr chart, clearly we have a huge descending wedge on the verge of breakout, Also we have a small descending wedge been created last few hours within and near the end of the larger descending wedge. The small wedge will breakout next few hours will give the momentum to the larger wedge to breakout as well. I expect a breakthrough to 1.20, a pull back to 1.12 and continuation towards the 1.38. I think the lowest we can go now is 1.05 before this happen.
Please trade at your own risk.
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With the latest pull back of Bitcoin to 55k and even further to 52k soon, I expect that ADA will follow with a pull back to the range of 0.95 Another delay that's all! Buy the dip and hold!

snapshot
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ADA showing a strong move towards the 1.07, There is a good chance for to be back on the track of the first idea here. Very unpredictable!
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