ADA parabolic curve forming, upside incoming

ADA parabolic curve forming, upside incoming

The drop from ADA’s previous pump has gradually lost momentum resulting in the formation of a parabolic curve. This is often a sign that buyers are getting the upper hand from sellers and that a reversal of the downtrend is coming. See also my previous idea on COMP with a very similar formation.

Short term targets are on the chart.

Trade safe!