ADA 140% PUMP
Coin #ADAUSDT
Signal type long.
The MACD confirming positive divergence and the RSI at 65.26 indicating high momentum this chart displays a bullish continuation pattern. An upward trend, bolstered by rising volume and a strong price recovery, is indicated by a breakthrough from the descending wedge. With a positive MACD crossover and a rising RSI (57.73), the price goes above the falling trendline, indicating a bullish breakout. Potential for upward momentum is strengthened by consolidation above the EMA Ribbon.
Because the MACD shows dropping strength with a tiny bearish crossing and the RSI is at 41.24, indicating weak momentum, this chart shows a negative trend. The price is still below the EMA Ribbon, indicating that the trend is downward. Given that the MACD displays a positive divergence and the RSI at 59.87 indicates high momentum this chart suggests a bullish outlook. With rising volume supporting it the price is gradually rising near resistance levels.