In our last analysis of ADAUSDT, we were waiting for a break of the descending trendline which we thought to be a falling wedge at the time. We haven't broken it yet and since then we spiked down to retest the $1 mark where we have previous structure, 200EMA and the major trendline.
For confirmation, we are waiting for the break of the descending trendline to signal that we have broken the downtrend. Will be watching how price reacts in the next couple of days. If we do break, watch for bull flags. We will update once we get a significant move.
For confirmation, we are waiting for the break of the descending trendline to signal that we have broken the downtrend. Will be watching how price reacts in the next couple of days. If we do break, watch for bull flags. We will update once we get a significant move.
