ADA is in a spiral downtrend what looks like a falling wedge and we don't really have historical data to say where the strong bottom support lines are. Having said that, 0.0608 was the lowest of recent on Binance (psychological round number). I believe this is close to the bottom. The bottom will mirror when BTC bottoms out which in my opinion is close. If you look at the RSI, it also indicates over sold situation. Unless there is a sharp drop on BTC, I tend to think between 0.058 and 0.061 is close enough to enter, if we have another chance as we missed the first lowest point.
Whats up. I have been watching this too and wondering about the same thing. I looked on coin market cap chart tool and found ADA was released in October and was down at under 2 cents. let me know if you agree... If BTC breaks below the pattern towards $3000, I think ADA could hit fraction of a penny- I will be buying hard at that price and then wait.
ssari
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@DigitalMoneyTraders, If BTC was to go down low as 3K, I think you will be right. ADA is definitely a product worth investing in. However I just feel that BTC will not reach 3K, the lowest is probably $5400. If that was to happen, it has to happen before the end of January, as things usually pick up then on. This time I feel is will be the beginning of the next bull stage long for the whole year. Having said all this, really we have to watch the charts weekly \ daily \ 4hrs to make entries to bulling or bearish trends. I'm done looking way ahead and acting on it. I do it for only entertaining myself and planning what is it that I should HODL if it becomes a bull market.