ADA - Time For Concern?🤔

6 mag

❕ADA vs BTC ❕

ADA failed to make a successful retest of the accumulation zone, having tested it yet again after breakout, and forming a nasty M-pattern. This is quite different compared to the previous time BTC made a new ATH and ADA followed.

Furthermore, the ADABTC chart is about to make lower lows, as ADA continuesly fails to increase in value with BTC:


Now, some may argue that this is indeed a good time to BUY - and I cannot argue with that logic. I would, however, just advise to take caution. Reconsider the fundamentals when considering ADA as a diversified part of your portfolio.


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