🔵 $ADA STILL NEEDS A REAL BREAKOUT $ADA has been in an uptrend since the bottom. So the structure is clearly better than it was a few months ago. But so far, price tried to break the big resistance and failed. What we got instead was an SFP. That matters. Because until resistance is actually broken, resistance is still resistance. For me, the real confirmation comes only if $ADA closes a candle above that level. After that, I want to see the retest. And I want to see it hold. If that happens, then I think higher prices become much more likely. Until then, this is still just an attempt. And we also should not forget one important thing. This project made a lower low compared to 2022. So even if the short term structure looks better, I’d still approach it with caution. Constructive from the bottom, yes. Confirmed breakout, not yet. Not a recommendation to buy or sell $ADA. Always do your own research.
Giannis AndreouShare

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