ADA/BTC has been bleeding for quite some time now with little to no retraces and bounces.
We are reaching a an area at which a higher bounce or a full market reset is more likely. Would need to see a confirmation of support in the green zone to determine the entry better.
So far Range of 1500-1000 seem most likely for an entry point, going below 1,000 can push it to a an extremely low point at which it will have to bounce really hard from to push it back bullish.
I expect to see some kinda reversal happening first week of April, would like to see at least a couple of days in the support area, with increased volume to push us back out of it.
We are reaching a an area at which a higher bounce or a full market reset is more likely. Would need to see a confirmation of support in the green zone to determine the entry better.
So far Range of 1500-1000 seem most likely for an entry point, going below 1,000 can push it to a an extremely low point at which it will have to bounce really hard from to push it back bullish.
I expect to see some kinda reversal happening first week of April, would like to see at least a couple of days in the support area, with increased volume to push us back out of it.
Comment:
Target hit, trade finished