Live monitoring of the Diamond setup on ADA. See where price is heading.
Indecision. Widening then narrowing range.
Gradual reversal from bearish to bullish.
ADA is showing interesting structural developments at $0.16. Currently at $0.16, the asset is showing downward momentum (-2.92%). Price action has carved out a classic Diamond. Volume is average (0.65x avg) with moderate trend strength (6.6). A potential breakout level is identified at $0.14, targeting $0.08 with support near $0.17 (R:R 2.0).
What is your outlook on ADA?