Technical analysis Ada. ADA-BTC on May 17, 2018

June 6, 2018


It looks risky on the middle timeframes, the formation of H&S pattern is forming as well as the downtrend oblique triangle, which both indicate the further fall. If we move out of the resistance at 3190, that will show a more positive picture of further analysis. In a long-term perspective, the coins can show good trading opportunities, but now the price fall to 2900 can push the market to fallow the downtrend (it’s important to have a good entry, which will give a good profit as a result).


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