ADA/USD 4H
ADA/USD 1D chart
China FUD dropped the price below the green line, which presents strong support from the past at 2.30$. According to the chart, we're facing resistance at this price line, which is keeping us below. If BTC doesn't rise and altcoins follow, we might see a continuous price decline on the ADA chart.
If we continue to decline, consider placing long orders at 1.75$
In case if we go above a green trend line, place a buy order after we re-test the price at 2.30$
Note, Fundamentally we're having good news since Cardano has announced a partnership with Chainlink.
China FUD dropped the price below the green line, which presents strong support from the past at 2.30$. According to the chart, we're facing resistance at this price line, which is keeping us below. If BTC doesn't rise and altcoins follow, we might see a continuous price decline on the ADA chart.
If we continue to decline, consider placing long orders at 1.75$
In case if we go above a green trend line, place a buy order after we re-test the price at 2.30$
Note, Fundamentally we're having good news since Cardano has announced a partnership with Chainlink.
Penafian
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