Cardano (ADA) vs Bitcoin (BTC) | Bull or Bear

Since the 7-July peak, ADABTC printed a lower high and prices are now moving below EMA10.

If you read me... You know that closing below EMA10 switches the potential to bearish.

We also have a bearish cross starting to take place on the MACD and a retrace now is something we would expect.

On the chart above I marked the most important support levels based on Fib. proportions... Cardano (ADABTC) is likely to drop.

Don't take this as trade advice... Make sure to do your own research and have your own plan before you trade.

Namaste.