ADA - resistance will confirm dead cat or up trend
1.822 resistance. A break above would suggest the correction is over. A failure to break above would suggest a bear trap for Ada and the broader crypto class.
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ADA, ETH, DOT and ofcourse XBT, are all at the sharp end of a consolidation wedge. Meaningful downside risk.Prepare for a very ugly move, considerably lower.
At the same time, prepare for a resumption to the upside.
Leverage should be cut to zero. Direction is unpredictable.
Trade when the trend is more clear.
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I am not a registered investment advisor. Nothing I say, or share, constitutes investment advice. Take responsibility for your risk and do your own research.
I am not a registered investment advisor. Nothing I say, or share, constitutes investment advice. Take responsibility for your risk and do your own research.
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