FieryTrading

🔥 ADA Downward Channel

Short
BINANCE:ADAUSDT   Cardano / TetherUS
With BTC dominance falling like a brick, alts are losing steam by the day. Lots of alts are displaying similar patterns, one of the more common ones is a bearish channel .

ADA has slowly but surely trading down in this bearish channel , showing no signs of a bullish reversal anytime soon. When trading alts, keep an eye out for BTC , since alts tend to follow BTC's every move.

Current target would be the bottom of the channel.

Happy trading!
Comment: Price is going up at the moment. Short entry not hit yet.
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Comments

Worked out well.
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:)
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Nice analysis. Keep it up :)
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Looks like a very likely scenario. Thanks, I’m looking forward to it. 😊
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great job
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