ADA/USD - Flat Trend / Consolidation. Wait for a breakout!
ADA is in a flat/sideways trend. This is not the best trend to have if you want to make profits, at best you can try to buy support and sell resistance or short resistance to support. However, one cannot know when this trend will change, so best to wait for a breakout before entering into ADA.
On the bullish side, this can be considered a well deserved break for price to consolidate before moving higher. Volume has also decreased this month, so I don't expect anything significant to happen anytime soon. April should spice up things, especially if the overall market turns bullish.
Overall I remain bullish on ADA as the crypto bull market is still far away from being over, hence, ADA should make more gains in the future.
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On the bullish side, this can be considered a well deserved break for price to consolidate before moving higher. Volume has also decreased this month, so I don't expect anything significant to happen anytime soon. April should spice up things, especially if the overall market turns bullish.
Overall I remain bullish on ADA as the crypto bull market is still far away from being over, hence, ADA should make more gains in the future.
Like and follow if you liked this idea! Also join my crypto community to stay in touch!
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