ADAUSDT In my opinion the chart looks bearish. No signs of bullishness. We had a small pump last month to bring in buyers. We now see this move being sold in to. We have not seen any real solid bullish signals. Looking at chart history, we could move down to previous resistance points. The yellow lines represent a fractal pattern found in certain other charts and are not related to the current analysis.
I made this ADA prediction a while ago and it seems other so called experts agree with my analysis. I do not have any special knowledge that these other experts have, but to me it is obvious based on looking at liquidity movements (price action) in these charts. We saw many retail traders trying to "catch the bottom", how ever market makers treated this short term influx of liquidity as another opportunity to sell into. What we need is a major shift in global sentiment before we see a strong reversal. This will happen when the final capitulation occurs and the "real" smart money comes into buy at insanely cheap prices.