ADAUSD hasn't seen anything OTHER than flash crashes due to the hype for years now. Why is it so hard for people to assume this couldn't be heading into a bear market if BTCUSD actually reverse after hitting it's .618 fib extension which would cause the hype to die down and other alts to head into bear markets as well. Honestly this idea doesn't seem too farfetched for me considering BTC and seeing the divergence on the weekly RSI for ADAUSD. Now i'm not saying the .886 will be hit, that's more of a wish, but the .5 or .618 which coincides with where it last consolidated, sure. That seems like a fair outlook for where ADA could be heading for the coming weeks/month(s). Ready for all the haters down below. All criticism is welcome though and i'll reply to you all. Honestly wanted to publish this for my records to come back and say oh hey it played out or hey it didn't let me improve on this or I should've taken this into consideration. Anyway, best of luck and set those STOPLOSSES.
Comment:
Absolute banger of a trade. Lessoned learned for you moon Boi's out there, anything is possible. Things don't just go up, that's not trading. It's for sure not investing either. GG's boys