ADA is consolidating between 2.0 and 2.3 for quite some time. Right now its standing at a very major support where the support line and the ascending trend line are about to meet. If ADA honors this area and bounces from here then the move would be on rocket fuel. Initial target would be 2.50. Any strong closing above 2.50 would bring it to 3 and 4 plus.
Major Support
1.90 and the ascending trendline
Resistance
2.30 (Minor Resistance)
2.50 Major Resistance)
Expected Target Price
2.30, 2.50 and 3.0+
Major Support
1.90 and the ascending trendline
Resistance
2.30 (Minor Resistance)
2.50 Major Resistance)
Expected Target Price
2.30, 2.50 and 3.0+
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