FieryTrading

🔥 ADA Fell Through Key Support: More Bearish Pressure Coming

Short
BINANCE:ADAUSDT   Cardano / TetherUS
A while ago I made an analysis on ADA. In this analysis I stated that ADA was trading on and around a very important area of support. This area has been holding strong for almost a year.


As of yesterday, ADA fell through the support area. The fact that this support didn't hold indicates to me that there's more selling to come. If BTC remains weak as of late, I think we will move towards the nearest support around 0.70, potentially lower.

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