My previous chart predicted a bearish divergence and this played out. Now there is a possible head and shoulders forming. However, Cardano does appear to be showing strength and this may be invalidated soon. I think it wholly depends on BTC movements. Right now BTC just hit a new ATH and the market followed this. I think ADA is showing strength in the RSI. Key support is 1.15, I think ADA does have the strength to reach this and hold it. Only time will tell, market is neutral in my eyes right now.
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head and shoulders valid. called it
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