ADA has been retracing from .10 and indicators are showing that the sellers are getting tired. The slow nature of the sell off tells me there could be a potential breakout if the down trend line is broken. We've begun hitting areas of major support which appear around .054 - .064 range. I know many people are waiting for the lower part of that range but buyers will be coming in anticipation of this. I'm building a position throughout this range.
Only caveat is that if the price of Bitcoin falls , it will certainly impact the rest of the market and overpower any technical analysis here. On the other hand, it could continue to rally and if we see that short squeeze everyone is hoping for, Alts will par favorably as well. Good luck as always! Comments welcome.
Only caveat is that if the price of Bitcoin falls , it will certainly impact the rest of the market and overpower any technical analysis here. On the other hand, it could continue to rally and if we see that short squeeze everyone is hoping for, Alts will par favorably as well. Good luck as always! Comments welcome.