ADA has been selling off hard for well over a year now. At some point, the pain must end one would assume?
I'm looking at two specific areas for a potential reversal, see the yellow boxes. The first yellow box, in which we're trading now, can very well function as the bear market low area assuming that BTC's bottom was at $15,400.
On the other hand, if BTC will make new lows, I'm looking at the bottom yellow area for potential support.
As long as ADA is trading below the dotted trend line it's better for bulls to stay away. I'm sure that ADA will see more bullishness in the coming years, but now is the time to be patient.
I'm looking at two specific areas for a potential reversal, see the yellow boxes. The first yellow box, in which we're trading now, can very well function as the bear market low area assuming that BTC's bottom was at $15,400.
On the other hand, if BTC will make new lows, I'm looking at the bottom yellow area for potential support.
As long as ADA is trading below the dotted trend line it's better for bulls to stay away. I'm sure that ADA will see more bullishness in the coming years, but now is the time to be patient.
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