Some big coins got forgotten with all BTC attention, one of those is Cardano/ADA. I have tried to get it's timing but got a stop loss. So this is my second guess. As you can see ADA reached a region which on the past got some time to break out. Based on this and our 1.618 Circle Fib the time for a bounce has come. At least let's monitor it a bit because catching a falling knife is not that easy. About the bounce, the most conservative one is a return to the 0.236 Fib which looking on the past was a very important level with lots of support and resistence there. And just this is a might +72% against BTC, anyway the important thing is to get some profit, even if it is just 5%, all profits are welcome here ! I am not buying right now, will just monitor a bit and get back here if things start to move bullish.
Kommentar:
Not a single green candle, ADA is maybe facing a long dump like XRP, which means it will only finish it's downtrend when it is back where it started :(
