FieryTrading

🔥 ADA Potential Bearish Wedge Break Out

Short
FieryTrading Updated   
BINANCE:ADAUSDT   Cardano / TetherUS
With BTC dropping as we speak, now is the time to look at some bearish patterns in the altcoin market. One of them being ADA.

ADAhas been forming a bearish pennant since the big drop last month. In case we see a strong bearish break out of BTC in the coming hours, ADA might be a nice potential shorting opportunity.

Happy trading!
Comment:
ADA is highly correlated to BTC. Wait patiently for a break out in the case that a strong BTC reversal will occur.

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