It seems that ADA is forming some bullish momentum on the daily. Both the candles and the RSI is showing a descending channel which suggest a falling wedge on the RSI. The chart shows the same over a short time frame on days which fits into a potential bull flag formation in the ahort term. I ascribe the selloff to FUD in the market which is intense currently. However, as we approach the Alanzo Hardfork on 12 Sept the FUD should turn into some stability. Of the hard fork is successful, which I think it will, a decent value discovery would probably take place increasing the volitality as the price seeks new highs.
