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Welcome to this ADA/USDT update. ADA looks very bearish here.
Here I show you a 2-days chart. According to this chart, ADA breaks below a descending triangle which is a bearish pattern. After the breakdown, a retest is also done.
It also breaks below the 21 ma. The next support for ADA is at around $0.38 and I'm expecting a drop to the $0.38 level.
If you want to open a short position then I would recommend you to wait for some green candles and then start taking entry with the SL of above $1
Is ADA rally over? What do you think about it? Tell me in the comment box and share your ideas.
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