Over two weeks ago I made an analysis on ADA. In said analysis I wrote that I expect further bearish price action towards $0.4 and below.
As expected, the $0.40 support was indeed reached. Luckily for the bulls, BTC consolidated and ADA bottomed out.
For now, the bottom support of the falling wedge is functioning as an area of resistance. From here it's waiting on Bitcoin. If BTC will fall, ADA will too, possibly re-test the $0.4 area. With a bullish BTC I'm expecting ADA to break out sooner or later.
As expected, the $0.40 support was indeed reached. Luckily for the bulls, BTC consolidated and ADA bottomed out.
For now, the bottom support of the falling wedge is functioning as an area of resistance. From here it's waiting on Bitcoin. If BTC will fall, ADA will too, possibly re-test the $0.4 area. With a bullish BTC I'm expecting ADA to break out sooner or later.
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✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.