ADA still holding above trendline. Still bullish. Buy the dip!
Liquidation of BTC for those who traded with 150X leverage causing a blood bath. Most altcoins followed this short term trend.
However, let's stay rational here. Don't panic.
ADA has been trying to surpass and stay above the 1.50 USD price level. It was declines 3 times by now.
The lows seem te become higher lows, which is bullish. The lows are following a upwards trend line.
It looks like ADA will break the triangle (horizontal 1.50 USD line, and upwards trend line now at 1.15 USD) to the upside end of this month. Why the end of this month? Because that approximately 70% of the triangle where most break-outs occur.
Corrections happen. Corrections get more HODLERS buying (and not selling!) ADA, resulting in more support against potential bears.
However, let's stay rational here. Don't panic.
ADA has been trying to surpass and stay above the 1.50 USD price level. It was declines 3 times by now.
The lows seem te become higher lows, which is bullish. The lows are following a upwards trend line.
It looks like ADA will break the triangle (horizontal 1.50 USD line, and upwards trend line now at 1.15 USD) to the upside end of this month. Why the end of this month? Because that approximately 70% of the triangle where most break-outs occur.
Corrections happen. Corrections get more HODLERS buying (and not selling!) ADA, resulting in more support against potential bears.
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