Ochlokrat

ADA bull market incoming

Long
BINANCE:ADAUSDT   Cardano / TetherUS
This is great news for all crypto investors:
After ADA has lost more than 90% since the all-time high, the weekly chart now shows an extreme bullish divergence in the RSI.
This signal is one of the best in trading and often initiates huge reversals.

While the RSI reached oversold levels at the penultimate low, it was clearly above the oversold zone at the last low.
This is a clear bullish signal that could lead us into a new bull market.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.