ADA is still within its longterm Upwards Pitchfork Pattern (A,B,C) and note that ADA is still above its Pitchfork Median Line.
At the moment ADA has found support from its Pitchfork Upper Yellow Support Line. It is crucial that ADA continues CLOSING daily candles ABOVE this level! Note that the last time ADA closed below this level was 2nd Aug 2021.
Note that...
100 day volume moving average is at a low level that is associated with previous panic-selling events marked by vertical lines.
If buyers don't show up soon, more investors will start to take profits and allocate capital to markets which are actually moving.
I can't make a bullish short-term case for BTC and I think another big leg down is coming.
If the same...