Cardano Prepares for Another Leg Down
Many cryptocurrencies, including Cardano, took a major hit after the new weekly trading session began.
Since today’s open, ADA dropped more than 5%, trading at $0.107 to a low of $0.101.
Despite the significant losses incurred, the TD sequential indicators estimate that ADA has more room to go down.
This technical index presented a sell signal in the form of a green nine candlestick on the 3-day chart. The bearish formation estimates a one to four 3-day candlesticks correction before the uptrend resumes.
If validated, ADA may drop towards the setup trendline at $0.09. Read More