$ADA
$ADA Bullish Pennant Formation
#ADA is consolidating inside a bullish pennant on the 1-hour chart after a strong rally from $0.56 โ $0.77.
๐นThe pole is formed by a steep breakout
๐ธPrice is now tightening within converging trendlines
๐นClassic sign of continuation if breakout occurs to the upside
Breakout Zone:
Watch for a breakout above $0.76โ$0.77
If confirmed, next targets = $0.80, $0.83 and $0.88
Invalidation Level:
Breakdown below $0.70 negates the pennant structure
Tight structure โ breakout likely soonโณ
