ADA/USD progression on the Daily Timeframe
Right now, ADA seems to be in a symmetrical triangle. Fib retracement pull finds that we hit the 786 and met resistance. Longer term trend line starting back on May 25th may act as support if BTC drops, and alt coins follow suit. Volume remains low. I am leaning toward a bearish move for BTC, and I believe that alts will move with BTC. My thoughts are that BTC moves lower, alts follow suit, but ADA will have a better bounce back up than most other alt coins due to Shelley Mainnet release, IOHK summit, and the coming staking. Leave your comments below and share your thoughts….
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