ADA holding within its ascending triangle. RSI looks bearish.

ADA is holding within its ascending triangle pattern on the price action, but the RSI triangle it was in has broken down, indicating we could see the price action start to follow before too long. I'm watching for a sustained break below 980 to confirm the break-down of this ascending triangle pattern. the 0.5 fib level around 960 and the .236 fib level around 930 are area's I'm watching for a rebound should it break down. A lot of this will be dependent on BTC; as for if BTC starts break down hard, I wouldn't be surprised to see ADA break down hard alongside it. If price can manage to hold within the ascending triangle and can start to push to the upside, I'm watching the 1.272 fib level around 1050, and the 2 fib level around 1130 as possible target area's should we get a sustained break-out to the upside.

--This is not financial advice. Always do your own research and come to your own conclusions before buying/investing, as investing in cryptocurrencies comes with high risk and high amounts of volatility .

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Comment:

And there she drops. Bounced off of the previous bottom around 900. If 900 breaks, things may get interesting.