Quick update in ADA/BTC, as it broke the falling wedge in which it was performing the last months. In the mid-term, it will probably be an opportunity for some profits. We have to keep an eye on it and see if it is going to retest the upper line of the falling wedge. I have prepare some charts in daily, 4h and 1h for deeper analyzing. Following the sketches and information from my previous posts, you are probably able to understant the next steps.
We can clearly see the falling wedge starting point in July after a cupple and handle. Jooming in into the pattern we can understant more and see the critical point that is into the red cycle from previous resistance levels. Is will probably retest, but as we have said before, this is a bullish hint.
Also we can see in the green horizontal line the new possible support level in the 4h chart.
Lastly, in the 1h chart we can see more clear the retest price level.
Be allerted, as the altcoin season has probably began!
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