The dynamics between buyers and sellers have shifted in ADA. Cardano has transitioned from establishing Lower Low (LL) and Lower High (LH) to establishing Higher High (HH) and Higher Low (HL).
We witnessed a breakthrough on December 8, 2023, with high volume, resulting in ADA establishing a double bottom formation. This is a reversing pattern, indicating further upward movement.
Currently, we are in the midst of a classic pullback towards the support level, previously acting as resistance. This pullback is within a flag formation, and a confirmed breakthrough of this pattern would signal a buying opportunity.
With the Bitcoin halving imminent, we are entering an exciting phase in the cryptocurrency market.
We witnessed a breakthrough on December 8, 2023, with high volume, resulting in ADA establishing a double bottom formation. This is a reversing pattern, indicating further upward movement.
Currently, we are in the midst of a classic pullback towards the support level, previously acting as resistance. This pullback is within a flag formation, and a confirmed breakthrough of this pattern would signal a buying opportunity.
With the Bitcoin halving imminent, we are entering an exciting phase in the cryptocurrency market.