ADABTC was in an ascending channel but broke down
ADABTC was in an ascending channel but as you can see in the hourly chart it broke down. Right now the bottom of that channel acting like resistance because BTC is likely to go down.
It is important for ADA to go over the bottom of that channel and test it as support than it will turn positive but I think right now it doesn't look good.
It is important for ADA to go over the bottom of that channel and test it as support than it will turn positive but I think right now it doesn't look good.
Comment:
ADABTC was broke down the channel but it didn't fall too much so it still is traded around downside of the channel.