MisterCatt

Outlook chart for ADA/BTC

BINANCE:ADABTC   Cardano / Bitcoin
Although most of indicator beginning signaling a oversold, Hull MA almost cross down into a bearish trend for a while.. i keep an eye for fib 0.382 for the possible good support around 1300 satoshi .. if it's break high possibility a downtrend keep persist.




There's also a possibility for the price action try retest 0.618 horizontal fib level before to decide to continue it's downtrend.





Please do take this as a grain of salt as there's many factor beyond technical analysis also do involve the movement of price action.. please share what your thought and feel free to share your idea..
peace.
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