ADA is on the verge of losing EMA100 in the weekly timeframe. If the current weekly candle closes below EMA100, the possibility of losing the critical support area below will be real. Personally, considering the weak volume and bearish behavior of the price, I think more bleeding is on the way. Plus, the grand scheme of the markets does not bode well for the investors. In order for a reversal to initiate, a weekly candle close above 1.2 with a decent volume is needed. Moreover, time is of the essence, and ADA cannot afford to lose time anymore. A bearish retest is always accompanied by weak and declining volume and that is what we have considering EMA100. Without a doubt, I will post buy orders around 0.4 - 0.5 if the price decides to go down that road.
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