ADA Breakout

ADA rose more than 13% yesterday from the $1.99 mark in the lower zone highlighted in the chart. 

It tried to escape once, a small pullback, and then it rose to zone 2 in the upper highlighted areas of the chart. However, the volume was tremendous so ADA broke range resistance. The next level to watch is $2.40. ADA can find the support again at zone 2, where all EMA are converging.