Get started
Cardano / Tether
Short

ADA CRASH?? In a descending triangle!!! $0.70 next?

By hodlerzen
ADA is currently trading in a large bearish descending triangle. If it breaks down, the technical price target is about $0.70. It's possible this is the bearish version of BTC's falling wedge pattern (which it broke out of). I would remain extra cautious in you are an ADA hodler, as Cardano seems to be collapsing. It's still possible it breaks to the upside, especially if BTC rallies hard soon.
ADAcardanoChart Patterns
hodlerzen
3d art director and crypto hodler

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.