ADA has been retesting the same bottom at 0.45 for the last 3 months, and it has held every time.
ADA is one of the Alts with the strongest fundementals, with a large fork upcomming, and has been seeing strong accumulation.
I would put my money on a break up in the next week, assuming FED policy fits market expectations, but i would still accumulate more in spot for the near future.
It has often been somewhat out of sync with the BTC macro cycle, however it is not immune to its weight, as such in case of BTC break down the test could go lower.
If it does break up, and reach previous supports, we could claim trend reversal in play!
ADA is one of the Alts with the strongest fundementals, with a large fork upcomming, and has been seeing strong accumulation.
I would put my money on a break up in the next week, assuming FED policy fits market expectations, but i would still accumulate more in spot for the near future.
It has often been somewhat out of sync with the BTC macro cycle, however it is not immune to its weight, as such in case of BTC break down the test could go lower.
If it does break up, and reach previous supports, we could claim trend reversal in play!
Trade active:
ADA managed to bounce from support area (weathering a bad CPI), with the DXY showing weakness we might see some upside, potentialy tapping the upper triangle.