along with almost all alts have been absolutely destroyed for the past week facing up to 30% declines but as of yesterday has gained around 20% in BTC
value. As of now ADA
has held the 0.786 fib level but is struggling to advance above the downward trendline
resistance as well as the tenkan which it has had difficulty breaking that level with confirmation. ADA
is also on the verge of finally breaking the RSI
30 level resistance which has been acting as resistance since February 28. If the tenkan, trendline
resistance and RSI
30 level gets broken there may be some room for optimism, if those key levels fail to be broken then I might consider opening a short position.