NextLevelCrypto

ADA - Not strong enough to go up

BINANCE:ADABTC   Cardano / Bitcoin
Ada failed to establish an uptrend and dropped to 435.

A bullish engulfing pattern gave hope to reverse, but the candles have very small bodies, a sign of bullish weakness.
So it is just a small correction and probably ADA will drop down again.

A good possibility to short.


If you found this post helpful, like, comment, and subscribe!

Telegram Signals
t.me/NextLevelCrypto


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.