ADA has kept above the key 0.0005 ETH support today and could be looking at a trend reversal if the price breaks out above the downward wedge. If that doesn't happen it seems that the price is likely to drop below 0.0005 based on the current trend. The next downward target would then be the support line at 0.00035 ETH. This would likely be a good entry point to go long for the next few weeks.
I wouldn't recommend entry at this point until a fairly well sustained trend reversal is seen, however relative to long term movement this is still a potential entry point.
I wouldn't recommend entry at this point until a fairly well sustained trend reversal is seen, however relative to long term movement this is still a potential entry point.
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