My previous post was to watch for a breakout of the consolidation wedge that ADA/USDT was forming. When you compare this with the ADA/BTC chart you see that we are touching the original area of supply for ADA. Additionally, the weekly RSI is now considered in the oversold region. You often see a significant bounce with a cryptocurrency showing these signs.
Remember, whenever looking at a crypto pair, check its pairing to USD and BTC. This will always give you a clearer picture of its market standings.
Happy Trading.
Remember, whenever looking at a crypto pair, check its pairing to USD and BTC. This will always give you a clearer picture of its market standings.
Happy Trading.