AlanSantana

Cardano (ADA) vs Bitcoin (BTC) | Bull or Bear

Short
BINANCE:ADABTC   Cardano / Bitcoin
Since the 7-July peak, ADABTC printed a lower high and prices are now moving below EMA10.

If you read me... You know that closing below EMA10 switches the potential to bearish .

We also have a bearish cross starting to take place on the MACD and a retrace now is something we would expect.

On the chart above I marked the most important support levels based on Fib. proportions... Cardano ( ADABTC ) is likely to drop.

Don't take this as trade advice... Make sure to do your own research and have your own plan before you trade.

Namaste.

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