ADA just made a lower low. Moreover, it broke BELOW a key support from May 2018!!!
This spells disaster for the price which could fall all the way to 17 cents!
This would make ADA correct almost 95% which is similar to ETH in 2018...
The chart is extremely bearish and based on this latest price action, ADA seems to have been late to correct by over 90% in this bear market and it's catching up now... FAST.
Plus there is barely any support until 17 cents due to the lack of price action between 39 cents and 17 cents.
Not looking good bro.
I am bearish and best to take cover, it may get ugly.
Like and follow if you liked this idea.
This spells disaster for the price which could fall all the way to 17 cents!
This would make ADA correct almost 95% which is similar to ETH in 2018...
The chart is extremely bearish and based on this latest price action, ADA seems to have been late to correct by over 90% in this bear market and it's catching up now... FAST.
Plus there is barely any support until 17 cents due to the lack of price action between 39 cents and 17 cents.
Not looking good bro.
I am bearish and best to take cover, it may get ugly.
Like and follow if you liked this idea.
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