Dear beloved fans!
D4rkEnergY cares about you. Therefore he has a valuable advice for you!
Lets start from the beginning. Lets take a look at the 4h ADABTC chart. We right now have a 63 % retracement, which isnt that unusual taking into consideration we had this crazy bullrun in December and the beginning of January. Viewed in isolation, this is perfectly normal and healthy.
But lets take a closer look. The first thing that we will notice is the descending triangle taking form, which means we will go further down. Both the MACD and the RSI allow us to fall through the triangle even though the bears are losing momentum. Again, thats not that big of an issue.
But now, and listen carefully, because here comes what worries D4rkEnergy deeply.
As you can see D4 has compared the ADABTC with BTCUSD. And what is a bit alarming is, how ADABTC have reacted to BTCUSD lately.
Normally ADABTC follows BTCUSD, but the last 4 days when BTC shot up ADA went the opposite direction.
CONCLUSION:
Dont touch ADA right now! The chart is bearish AF, and shows no bullish signals what so ever!!
--D4rkEnergY is everywhere, D4rkEnergY knows everyting!
D4rkEnergY cares about you. Therefore he has a valuable advice for you!
Lets start from the beginning. Lets take a look at the 4h ADABTC chart. We right now have a 63 % retracement, which isnt that unusual taking into consideration we had this crazy bullrun in December and the beginning of January. Viewed in isolation, this is perfectly normal and healthy.
But lets take a closer look. The first thing that we will notice is the descending triangle taking form, which means we will go further down. Both the MACD and the RSI allow us to fall through the triangle even though the bears are losing momentum. Again, thats not that big of an issue.
But now, and listen carefully, because here comes what worries D4rkEnergy deeply.
As you can see D4 has compared the ADABTC with BTCUSD. And what is a bit alarming is, how ADABTC have reacted to BTCUSD lately.
Normally ADABTC follows BTCUSD, but the last 4 days when BTC shot up ADA went the opposite direction.
CONCLUSION:
Dont touch ADA right now! The chart is bearish AF, and shows no bullish signals what so ever!!
--D4rkEnergY is everywhere, D4rkEnergY knows everyting!