ADA/USDT BULLISH CASE 60% - BEAR CASE 40%
Bullish Case:
We can expect ADA to squeeze at any time now, I am more bullish on
these type of patterns, with a tight stop stop loss but enough breathing
room and you should be in the clear, rolling stop? 35% drawdown = Not Too ShaBBY,
;). Remember this is only a short/mid term analysis. Over all crypto is heading
SOUTH.
Bear Case:
We have a lot of room to the downside but a retracement is due.
Over a month + of solid downtrend and a FAKE-OUT to the short side would
not surprise me - While the move is exhausting, I am confident enough to see
slight retest of MACRO support before alleged "DEAD CAT BOUNCE".
We can expect ADA to squeeze at any time now, I am more bullish on
these type of patterns, with a tight stop stop loss but enough breathing
room and you should be in the clear, rolling stop? 35% drawdown = Not Too ShaBBY,
;). Remember this is only a short/mid term analysis. Over all crypto is heading
SOUTH.
Bear Case:
We have a lot of room to the downside but a retracement is due.
Over a month + of solid downtrend and a FAKE-OUT to the short side would
not surprise me - While the move is exhausting, I am confident enough to see
slight retest of MACRO support before alleged "DEAD CAT BOUNCE".
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.