Chart is self explanatory. Not intended as trading advice, these are just my thoughts on ADA at this point.
Scenario A) Bearish scenario. ADA continues the downtrend and reaches support around 1200-1400 sats. A strong bounce and potential trend reversal may occur here. This is a higher probability scenario IMO.
Scenario B) I think a bullish scenario at this point is less likely, but it's a possibility nevertheless. Breaking above 2800 would be a pretty strong indicator to support this scenario.
Scenario A) Bearish scenario. ADA continues the downtrend and reaches support around 1200-1400 sats. A strong bounce and potential trend reversal may occur here. This is a higher probability scenario IMO.
Scenario B) I think a bullish scenario at this point is less likely, but it's a possibility nevertheless. Breaking above 2800 would be a pretty strong indicator to support this scenario.
