imBagsy

ADA Macro Thoughts

Short
BINANCE:ADABTC   Cardano / Bitcoin
$ADA Thoughts:

Wicked into the 18' yearly low, and found support back above it.

I would remain cautious here if you're bullish on $BTC. We could very well see a double-bottom form around the 830 level. If that breaks to the downside, we woud likely sweep the 17' low.

If you're looking to long, I'd wait on a sweep of the 17' low, or a daily close above the yellow POC level.

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