Key point for ADA
ADA along with almost all alts have been absolutely destroyed for the past week facing up to 30% declines but as of yesterday has gained around 20% in BTC value. As of now ADA has held the 0.786 fib level but is struggling to advance above the downward trendline resistance as well as the tenkan which it has had difficulty breaking that level with confirmation. ADA is also on the verge of finally breaking the RSI 30 level resistance which has been acting as resistance since February 28. If the tenkan, trendline resistance and RSI 30 level gets broken there may be some room for optimism, if those key levels fail to be broken then I might consider opening a short position.
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