Ada is currently on a very bearish Trend . The RSI clearly confirms the downtrend and doesn't show us any significant sign of the great recovery of ADA for the next few days.
ADA is likely to get back to his support level of +/- 2800 Sato.
We have 2 possible action here with ADA:
1- ADA gains Power & breaks his down trend to Square up at the +/- 4700 Sato and then +/- 5110 Sato
2- ADA Drains & keeps his Downtrend to square up to his +/- 1150 Sato
I definitely think that we need to wait before making any move (Buy or Sell) as we all know Alt coins could do crazy thing depending on BTC attitude. Go and see my analysis with BTC (Link Below)
Risk management is the Key to success in Crypto
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