ADA might have another leg lower before ROCKET! for BINANCE:ADABTC by CM_Trades

chartpattern trendanalysis indicator cardano cardanobtc cardanoada adabtc ada adausd cardanobitcoin cryptocurrency crypto

Cardano has been in a brutal downtrend with the rest of the altcoin market
We continue to find resistance at S/R flip zones on every bounce and are currently forming a bearflag with decreasing volume on this move up
We could see a small bounce here up to the EMA before a break below the channel and test the long-term support OB
That would be the ideal area to play a long position
If we do get a break above the channel, the supply zone above will most likely stop ADA in its tracks

Thanks guys!

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