Since BTC failed to stay above 40k, ADA (and most crypto) has been losing value.
Over the course of a month or so, ADA has produced a classical bearish triangle pattern. With BTC falling in the short term, ADA might fall through the triangle support fairly soon.
To trade this, wait for the price to fall the triangle support. Always keep an eye on BTC when trading alts.
Happy trading!
Over the course of a month or so, ADA has produced a classical bearish triangle pattern. With BTC falling in the short term, ADA might fall through the triangle support fairly soon.
To trade this, wait for the price to fall the triangle support. Always keep an eye on BTC when trading alts.
Happy trading!
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