what its going with ADA?
in 28th JAN. we can se a DEATH CROSS!
what its this?
"A death cross is a crossover resulting from a security's long-term moving average breaking above its short-term moving average or ."
Its a SELL signal, since DEATH CROSS down 42% in value!
what its next?
we are between old uptrend line and strong downtrend line, breakdown support (0.618 FIB level) and its going to 0.786 this green box its last hope for if breakdown this area probably will make a 100% retrace
But its SOOO MUCH oversold so maybe JUST maybe can start a run from this point reversing this in RED line and breaking downtrend line, its really hard to happen but have a little chance.
NOT A SIGNAL just an EDUCATION ANALYSIS!