ADA - Bull Flag Printing In One Of The BEST Performing CoinsCrypto is slumping but some coins / stocks more than others.
ADA has been one of the strongest coins in accumulation, in pump action and here appears to be again one of the strongest in correction.
And this looks like a bull flag developing here.
If Bitcoin prints a selling climax then ADA will likely break the bull flag to the downside.
But this is common with these cause building fractals.
And if this happened it would likely be the bear trap shakeout before the next wave up.
In the bearish case I dont see it getting much lower than the current $0.76 low.
But a slightly lower low below that low could be the final pivot before the next wave up.
Or it may just hold and get moving on up from here.
Its not really possible to know but observing Bitcoin technicals will assist to know the answer as this develops - Bitcoin thread linked below.
In the end its up and up for Cardano from here 👍🏻.
Not advice