Trader_hao

Technical Analysis on $ADA (Cardano)

Corto
BITTREX:ADABTC   Cardano / Bitcoin
Did a TA on $ADA against BTC and it seems like its currently in a downwards sloping trend channel. Not only that, its also below EMA line and this confirms its bearishness. However, if $ADA were to release any big news, usually it will cause a lot of FOMO like previously when it peaked. But other than that, I think that overall, if you want to hold $ADA long term, I would prefer to be holding $ETH because I feel $ADA is slightly more inferior to $ETH.
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