Cardano's Retrace Soon To Gain Bearish Momentum

Jun 27, 2020

We've been short on Cardano (ADABTC) since prices peaked and wrote about it... Here we are again with a friendly reminder to our readers.

The retrace we've been tracking for ADABTC is about to gain bearish momentum... Meaning, the drop can start to speed up.

For support levels on this drop, click on the chart below:

Chart Signals

• We have lower highs.
  
• Break below EMA10.
  
• Bearish divergence with the MACD.
  
• Indicators trending lower.
  
• Classic correction expected after a strong bullish wave.
  

The smaller altcoins will continue to grow after the initial 'hit' of the retrace.

Make sure to hit LIKE to show your support.

Namaste.