ADA couldn't break 0.176$ resistance and fell into lower range of 0.15 - 0.16$. We broke our 21 EMA support turned resistance, all of which is bearish.
However, if we can make support here; ADA would be set for a HL to go back and retest 0.176$. This would help make the case for a short term bullish ascending triangle. Just have to see if 81 EMA holds support. If it fails to do so, and we go down to our lower range of 0.13$, then we might be more than likely to complete a bearish M pattern.
However, if we can make support here; ADA would be set for a HL to go back and retest 0.176$. This would help make the case for a short term bullish ascending triangle. Just have to see if 81 EMA holds support. If it fails to do so, and we go down to our lower range of 0.13$, then we might be more than likely to complete a bearish M pattern.
