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Kryptochristian

ADA - Broken channel and retesting for further downside

Short
Cardano / TetherUS PERPETUAL CONTRACT (BINANCE:ADAUSDT.P)  
Kryptochristian  
BINANCE:ADAUSDT.P   Cardano / TetherUS PERPETUAL CONTRACT
Trend Analysis Chart Patterns Technical Indicators cardano Bearish Patterns Wedge Parallel Channel
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trendanalysis chartpattern indicator cardano bearish wedgepattern parallelchannel
ADA - Broken channel and retesting for further downside

Broken down on the short term channel with with a high volume breakdown, currently a retest to the top side of the longer term descending wedge. Rejecting off the 200 1hr EMA. Expecting further downside from here to the lower trendline support

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