ADA is forming a clear rounding bottom with the double bottom formation. Note this is a play for short term. Things might drastically change around August 10th when the BTC ETF get rejected or delayed. One possibility when the ETF news come out is BTC dropping along with the ALTs. But the ALTS might not drop as significantly hopefully decoupling a bit from BTC given that BTC money will start pouring back into alts at some point in the short time frame.
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Rounding bottom not in play. As soon as I posted this, it started in an all out dump. If this doesn't stop soon, the possibility of alts going into capitulation is becoming a possibility.
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I am playing from a bounce of the 0.12350, but this level MUST hold. Breaking this support increases the chance of capitulation in the short term by two.