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$ADA Descending Triangle Looking Bearish

BITTREX:ADABTC   Ada / Bitcoin
I'm hodling a bag of $ADA. We're at the peak of the descending triangle . Very bearish signal. This can still turn up and break up. Tomorrow is going to be a huge deciding day with Weiss issuing a rating on currencies including $ADA.

I'm hoping to see a positive movement but its very precarious right now.
How much dip is expected to load up ada
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CryptoLink PRO ravindersinghchopra1
@ravindersinghchopra1, Traditionally its the height of the triangle which would put it down to 0.0000200 area. That's pure textbook, things rarely fall that far. I would load bags around 350 sats.

That being said, with the bullish market this morning, ADA is breaking upward away from doom. Weiss ratings come out today, anything less than a B could bring us back to earth.

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ad-min CryptoLink
@CryptoLink, ADA got a B-. Did you close your short?
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@ad-min, Never entered a short. Have to choose "Long, Neutral or Short" when doing the charts. The chart was bearish so I chose short. The explanation explained I was hodling a bag and waiting to see the report + movement. ADA broke upwards instead of down, the small catalyst of the Weiss report turned this from bear to bull. Amazing how tight the triangle came right at report time.

So I held through it all and am happy.

FYI : Weiss reports were complete less than useless. Just going to act as FUD for good projects by putting DOGE and XRP in the same category.
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agree. weekly chart tells me down. i'm waiting to buy in
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Tjhunt jamikr
@jamikr, I hope it corrects too then I can get a big bag of ADA for my long term portfolio :)
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*fingers crossed*
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