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ADAUSDT Analysis June 21, 2022

BINANCE:ADAUSDT   Cardano / TetherUS
We've turned Bearish on Cardano, ADAUSDT , relatively quickly since breaking above the Daily Downtrend Line and the Buy signals from the Engineer. The Sell signals came in about two weeks later and we preserved our capital but also stayed above the Daily Downtrend Line. The Vasil Hard Fork is right around the corner but pushed back until late July (instead of June) in order for IOHK to fix some bug issues.

We like both LINKUSD and ADA to lead us out of the Bear market as they both peaked in the summer of 2021, June and September respectively. Not Financial Advice...Trade with Confidence and Control.

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