Short term moves - bounce back?
Looks like we're about to hit a fork. If we clear the upper resistance, then this is going to go up and challenge the ATH. If support fails, next stop 1.17 and possibly 1$ area with a soft bounce at around the 1.07/10 area.
Now, from a bullish perspective, we just double-bottomed on that bottom support. So if I were to bid on a path direction, I'd say upwards until we clear that purple down trend line to go test the broader range uptrend line (orange).
ADAUSD
What do you think?
Now, from a bullish perspective, we just double-bottomed on that bottom support. So if I were to bid on a path direction, I'd say upwards until we clear that purple down trend line to go test the broader range uptrend line (orange).
ADAUSDWhat do you think?
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