Can the market continue downward? Absolutely. Investments all come with certain risks, do not invest if you are not comfortable.
Bitcoin failed to make break $11,000 which caused a $700 sell off. Although this broke the channel on the 4HR, this trade is still active 1D chart. If Bitcoin falls below $10,000 than we can expect ADA to fall below $0.043, even $0.039 if Bitcoin continues to fall towards $9,000 or lower.
Trade closed: target reached:
5% Target was reached.