ADA is forming a consolidation wedge around a previously tested support zone. Given the general short term recovery that Bitcoin is posting, it is likely to drag a few altcoins up with it. Keep an eye out for a breakout of this wedge. Wedge breakouts always tend to be violent and are one of the best trading opportunities in crypto.
Looks like a bear pennant to me man, unfortunately
HyptoCrypto234
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@Andyesto, Yea, kinda does. But consider the fact that it is forming around an area of support all while the BTC/ADA pair is deeply oversold along with hitting the original supply zone. These factors set up a recovery bounce that is common in cryptocurrencies. Lets keep an eye on it. If it does bounce up the next logical resistance isn't till ~.08.