ADA/BTC Findacoin Analysis

ADA Cardano looks in a strong bearish channel, nearly forming a rising wedge. In this 3hr char you can see that there is support at the 1200 sats range for ADA/BTC. I think the low 1200s is a perfect area to ladder in some buys. I would considering putting in bids. Look at the gap spread. Blue rectangle shows buy area.