ADA/USD (Maybe we're jumping the gun).
Everyone's banking on this ascending triangle (A), but if that's our gauge, (B) makes more sense to me for a breakout. Buyers at support. RSI cools off. Upshot isn't so narrow. Fuller pattern, stronger foundation for a breakout (which, when successful, usually occurs right about there within said pattern (C).
In other words:
(A) shows an ascending triangle on the daily frame.
(C) shows the same pattern on a weekly frame, which is likely a more reasonable guide for several reasons (e.g. Bitcoin being so overbought).
(B) is where a breakout would most likely take place within (C).
Just a cautious thought. At any rate, don't forget those stops.
In other words:
(A) shows an ascending triangle on the daily frame.
(C) shows the same pattern on a weekly frame, which is likely a more reasonable guide for several reasons (e.g. Bitcoin being so overbought).
(B) is where a breakout would most likely take place within (C).
Just a cautious thought. At any rate, don't forget those stops.
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