A couple of days ago I made an analysis on ADA and the expected future price movement. Take a look for reference:
As expected, the price reached the minor support area, broke out under it and went back inside to consolidate. With the current crypto outlook being quite bearish, I'm expecting ADA to drop further in the coming few days. Ideally, we'd see a quick drop towards $1 with a strong reversal after that. I'm eyeballing the red area for potential entries.
Happy trading!
As expected, the price reached the minor support area, broke out under it and went back inside to consolidate. With the current crypto outlook being quite bearish, I'm expecting ADA to drop further in the coming few days. Ideally, we'd see a quick drop towards $1 with a strong reversal after that. I'm eyeballing the red area for potential entries.
Happy trading!
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