ADA has recently retested the major trend support. If that breaks, ADA's woes could accelerate. However, there are a few positive signs suggesting we may see (at least some) short term bullish momentum. On the 4-hour chart (not posted) I'm seeing seller exhaustion. On the daily chart, we appear to have a Higher Low that would suggest some short-term strength (at least). Despite these few positive signs, ADA looks like too much of a gamble for me.
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These are my personal views and not financial advice. Please do your own research before investing.
I'd love to hear your thoughts, ideas and feedback. Feel free to comment and I'll try and get back to you quickly.
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These are my personal views and not financial advice. Please do your own research before investing.
I'd love to hear your thoughts, ideas and feedback. Feel free to comment and I'll try and get back to you quickly.
If you appreciated this analysis, consider Liking or Following. Thanks!