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!
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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