xBanana

ADABTC Bear Weekend - Weekend tears and a possible long term con

Long
BITTREX:ADABTC   Cardano / Bitcoin
ADA looking as sad as ever this weekend. We're at lows not seen since the end of 2017 and the forcast of things arent looking all that great. First huge red flag is extremely overbought stock rsi which looks like we're about to cross into leading me to consider this will be a sad time for ADA. Checking out a long term fib retracement from the ATH of 8723 sats we can very strongly see support this weekend at the 1.0 fib line (2540 sats). A break down through this line and were looking at a huge tumble to the lowest of the lows, around 584 sats.

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