it's easy to see that ADA's downtrend is not likely to reverse anytime soon, the MACD's gap is massive and there's a lot of space down in RSI.
More important, ADA is about to test its longterm trend line (at ~0.062), and I'm sure many smart traders are waiting to sell short there ( that's a text-book short ).
With that said, it's super unlikely for ADA to moon now. And It may go to as low as 0.44 or 0.4, then we gotta see how strong of the dip in order to predict the bottom. But it will be a rough time for ADA holders.
But I'm sure a big buyer at 0.04 - 0.044 area. Because even the risk is big, the reward is 5x as big ; ). I will not be surprised to see ADA hits 0.2$ on its next uptrend.
More important, ADA is about to test its longterm trend line (at ~0.062), and I'm sure many smart traders are waiting to sell short there ( that's a text-book short ).
With that said, it's super unlikely for ADA to moon now. And It may go to as low as 0.44 or 0.4, then we gotta see how strong of the dip in order to predict the bottom. But it will be a rough time for ADA holders.
But I'm sure a big buyer at 0.04 - 0.044 area. Because even the risk is big, the reward is 5x as big ; ). I will not be surprised to see ADA hits 0.2$ on its next uptrend.