ðĨ ADA Bearish Move: Reversal Area Identified
With the stock markets falling, Bitcoin and crypto are seeing some strong bearish moves occurring. With the overall sentiment extremely bearish, it's time to identify some areas of potential reversal.
For ADA, I'm looking at the $1.85-$1.60 area. There might be more pain in the coming week, but I'd be very surprised if ADA will trade below $1.6 in the near future.
Overall, I'm still bullish for the cycle. First target for the reversal is set at $2.3, the prior ATH.
Happy trading!
For ADA, I'm looking at the $1.85-$1.60 area. There might be more pain in the coming week, but I'd be very surprised if ADA will trade below $1.6 in the near future.
Overall, I'm still bullish for the cycle. First target for the reversal is set at $2.3, the prior ATH.
Happy trading!
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