Mihai_Iacob

ADA to remain bearish regardless of BTC evolution

看空
In my previous analysis on Cardano, I said that the coin will most probably break under the support of the descending triangle starting with the high from the beginning of June.
Indeed, we have this break down and now AdaUsd is trading under 0.4 figure.
The structure is grossly bearish at this moment and, regardless of BTC's evolution (meaning a bullish move), the price should continue down.
At this moment I see 2 scenarios for ADA:

1. In the case of a rising BTC, the price should rise and test the resistance of the triangle and fall again
2. In the case of a drop for BTC and a break of support(which is my preferred scenario), acceleration to the downside for ADA.

The target for the triangle is under 0.3, considering a percentage calculation.


🚀 Elevate your trades with a 20-year market veteran!

📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals

💎 Crypto Channel:
t.me/FanCryptocurrency

🌟 Premium Contact:
t.me/IacobMihai
免責聲明

這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。