Gl4diator

#cardano #adausdt - Failing the bullish reversal

BINANCE:ADAUSDT   Cardano / TetherUS
With altcoins bleeding a lot recently, also Cardano, for now, failed to hold above the breakdown-level and is currently testing it from below. From now on we need to watch out more for a break of the 6h-Diagonal than for a potential double-bottom reversal: ADA has more down-potential until the next historical support/accumulation zone. It will be hard for ADA to turn this picture with still rising BTC Dominance.

As usual, I marked you the significant prices and also the important Pivot-Levels.

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Warm regards,

Neru




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