lukeyhwh

ADAUSDT STILL SOME DOWNSIDE POTENTIAL?

BINANCE:ADAUSDT   Cardano / TetherUS
In this idea, I ask the question of whether or not ADA still has the possibility of more downside. We see previous trading ranges of interest highlighted in the boxes. We see that the red boxes highlight the fact that we have not made a higher high or higher low as of yet. We do see some bullish divergence on the RSI, but in my opinion this hasn't been confirmed. Looking to the past, we see the previous trading area of strength indicated by the red arrow. It is possible we head down there to pick up more liquidity before making any impressive gains. We see a lot of other altcoins pumping, but these are all coins with a low market cap, thus making them easier to pump. It wouldn't surprise me to see one last final, unexpected dump across the altcoin market that goes against the current bullish mentality that many traders are now starting to get comfortable with. If you like my ideas, please follow me for more.
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