Cardano / Bitcoin

ADA/BTC (Pullback to 100D MA?)

733
ADA/BTC

-Cardano is on a short term downtrend since the High at 1600 sat
-Its value has depreciated by -32% from the top
-If ADA will continue its short term trend
-It is likely to retest the 100D dynamic support
-Which is somewhere around 1000 sat area
-This is also a confluence of previous support in the past
-I recommend only to wait for any reversals or bullish strength
-Before placing a bid order to reduce the risk in the market
-Please be patient, do not rush, wait for the trade to come to you

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