If we look at the MACD on the Weekly Chart, we can see that ADA is finishing the bear market. Selling is slowing down and the MACD histogram is showing a reversal, which in this case is from bear to bull.
Have we hit the lows yet to buy in? No.. I suspect that Bitcoin will have more selling before reaching real support and sparking a new wave of buying. I suspect Bitcoin can reach $6,000 or 25% from the current price of $8000 easily taking ADA with it down. If ADA falls percentage wise the same as Bitcoin, that should put ADA at around $0.026
Have we hit the lows yet to buy in? No.. I suspect that Bitcoin will have more selling before reaching real support and sparking a new wave of buying. I suspect Bitcoin can reach $6,000 or 25% from the current price of $8000 easily taking ADA with it down. If ADA falls percentage wise the same as Bitcoin, that should put ADA at around $0.026
Comment:
Based on the weekly candles, it looks like ADA could see some selling soon
Order cancelled:
Nov 13 - the candles did prove bearish and selling continued. It seems like the crypto market is in a huge bear market, maybe something we haven’t seen before.