ADA short term bearish, longterm bullish

ADA/USDT got a rejection on the 2.95 resistance (red line). If it will pullback further it can go down all the way to the diagonal resistance line of 2.65 approximately. But this depends on the behaviour of BTC & ETH.

Eventhough, this can be seen as an healthy correction since we’re still in a solid uptrend (according to the yellow lines which form diagonal support).

But on the longterm I’m incredibly bullish because of the fundamentals.

This is my publication #10. Let me know what you think of it and if you have any questions, suggestions, feedback or other inquiries let me know! I’m also just a trader.
ADAADAUSDTcardanoChart PatternsRising WedgeTrend Analysis

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