ADA has seen a 90% correction since Aug 21, not as dramatic as a 99% pullback in 2018, that said, ADA could still match further downside given how much bullish follow through seen in Alt coin bullish breaks the past 24 hours.
Right now, price action is at a cross road at it's recent support area of .30 zone. Price action has been very snug between the channels median and upper band lines during the downtrend.
If there is no bullish momentum to break this 15 month downtrend channel, ADA could see a drastic drop to the teens.
What to look for?
SRSI cross on the 1W chart and 1M time-frames, both are very close.
Right now, price action is at a cross road at it's recent support area of .30 zone. Price action has been very snug between the channels median and upper band lines during the downtrend.
If there is no bullish momentum to break this 15 month downtrend channel, ADA could see a drastic drop to the teens.
What to look for?
SRSI cross on the 1W chart and 1M time-frames, both are very close.