ADA. Open for more drops.


Trading Ideas


ADA. Open for more drops.
Cardano / Dollar (calculated by TradingView) BINANCE:ADAUSD

ADA has lost -9.32% in the last 24 hours and is now below $ 0.17, this drop was general throughout the market after the BTC droped below $ 7,000. The situation of the market is uncertain however the 100-EMA is below the 200-EMA which confirms that the path of least resistance is to the downside so it is likely that sellers will resume sales. The RSI appears completely oversold and there would also be room for the return of the buyers, so in these circumstances it is better to be on margin but attentive, while getting current market news.

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