Over two weeks ago I made an analysis on ADA. In said analysis I wrote that I expect further bearish price action towards $0.4 and below.
As expected, the $0.40 support was indeed reached. Luckily for the bulls, BTC consolidated and ADA bottomed out.
For now, the bottom support of the falling wedge is functioning as an area of resistance. From here it's waiting on Bitcoin. If BTC will fall, ADA will too, possibly re-test the $0.4 area. With a bullish BTC I'm expecting ADA to break out sooner or later.
As expected, the $0.40 support was indeed reached. Luckily for the bulls, BTC consolidated and ADA bottomed out.
For now, the bottom support of the falling wedge is functioning as an area of resistance. From here it's waiting on Bitcoin. If BTC will fall, ADA will too, possibly re-test the $0.4 area. With a bullish BTC I'm expecting ADA to break out sooner or later.
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这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。